Exhibit 2-7 Production possibilities curve
For the economy shown in Exhibit 2-7 to operate at point C, it must:
A) be willing to lower the price of grain.
B) use its given resources more efficiently than it would at point A.
C) experience resource unemployment.
D) experience an increase in its resources and\or an improvement in its technology.
Correct Answer:
Verified
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A)
Q94: Exhibit 2-6 Production possibilities curve data
Q96: Exhibit 2-8 Production possibilities curve data
Q98: Using a production possibilities curve, an economy
Q100: Exhibit 2-4 Production possibilities curve data
Q101: Exhibit 2-10 Production possibilities curve data
Q102: Exhibit 2-11 Production possibilities curves 
Q103: Exhibit 2-9 Production possibilities curve 
Q104: Exhibit 2-10 Production possibilities curve data
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