Use the following to answer question(s):
Exhibit: Strawberries and Submarines

-(Exhibit: Strawberries and Submarines) The downward slope of the production possibilities curve implies that resources:
A) must be used efficiently.
B) are scarce.
C) should not be wasted.
D) should be allocated so that approximately equal amounts of both goods are produced.

Question

Use the following to answer question(s): 
Exhibit: Strawberries and Submarines
 
-(Exhibit: Strawberries and Submarines) The downward slope of the production possibilities curve implies that resources:
A) must be used efficiently. 
B) are scarce. 
C) should not be wasted. 
D) should be allocated so that approximately equal amounts of both goods are produced.

Quizplus · Accepted Answer

The downward slope of the production possibilities curve implies that resources are scarce, as the curve shows the trade-off between producing two goods with limited resources.

Use the Following to Answer Question(s)