Exhibit 2-8 Production Possibilities Curve Data -As Shown in Exhibit 2-8, a Total Output of 14
Exhibit 2-8 Production possibilities curve data
-As shown in Exhibit 2-8, a total output of 14 units of consumer goods and 1 unit of capital goods is:
A) the result of maximum use of the economy's labor force.
B) an efficient way of using the economy's scarce resources.
C) unobtainable in this economy.
D) less than the maximum rate of output for this economy.
Correct Answer:
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