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Figure 2-3 -Refer to Figure 2-3. Suppose This Economy Is Producing at Economy

Question 237

Multiple Choice

Figure 2-3
Figure 2-3 -Refer to Figure 2-3. Suppose this economy is producing at point D. Which of the following statements would best explain this situation? A) The economy has insufficient resources to produce at a more desirable point. B) The economy's available technology prevents it from producing at a more desirable point. C) There is widespread unemployment in the economy. D) The economy is experiencing economic growth.
-Refer to Figure 2-3. Suppose this economy is producing at point D. Which of the following statements would best explain this situation?


A) The economy has insufficient resources to produce at a more desirable point.
B) The economy's available technology prevents it from producing at a more desirable point.
C) There is widespread unemployment in the economy.
D) The economy is experiencing economic growth.

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