Figure: Consumer and Capital Goods
(Figure: Consumer and Capital Goods) Look at the figure Consumer and Capital Goods.If the economy is operating at point Y and its relevant production possibility frontier is curve 1, this means that:
A.the economy is at full employment and is efficient.
B.the economy is less than fully employed.
C.the economy is not efficient.
D.economic growth is not possible in the future.

Question

Figure: Consumer and Capital Goods
   (Figure: Consumer and Capital Goods) Look at the figure Consumer and Capital Goods.If the economy is operating at point Y and its relevant production possibility frontier is curve 1, this means that: 
A.the economy is at full employment and is efficient.
B.the economy is less than fully employed.
C.the economy is not efficient.
D.economic growth is not possible in the future.

Quizplus · Accepted Answer

The Answer of Figure: Consumer and Capital Goods
   (Figure: Consumer and Capital Goods) Look at the figure Consumer and Capital Goods.If the economy is operating at point Y and its relevant production possibility frontier is curve 1, this means that: 
A.the economy is at full employment and is efficient.
B.the economy is less than fully employed.
C.the economy is not efficient.
D.economic growth is not possible in the future.