Exhibit 2-4 Production possibilities curve data
| A | B | C | D | E | |
| Capital goods | 0 | 10 | 20 | 30 | 40 |
| Consumer goods | 200 | 180 | 140 | 80 | 0 |
According to the data in Exhibit 2-4, a total output of 140 units of consumer goods and 10 units of capital goods would:
A) be unobtainable in this economy.
B) be an efficient way of using the economy's scarce resources.
C) result in the maximum use of the economy's labor force.
D) result in a less than maximum rate of growth for this economy.
Correct Answer:
Verified
Q47: Exhibit 2-9 Production possibilities curve Q48: Which of the following most accurately summarizes Q49: If an economy is operating at a Q50: When an economy's resources are not fully Q51: When the production possibilities curve is bowed Q53: The production possibilities curve shows that: Q54: Suppose a 50-seat bus is about to Q55: Exhibit 2-3 Production possibilities curve data Q57: Along a production possibilities curve showing capital Q155: A point outside the production possibilities curve
A) some
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