Answer the question on the basis of the data given in the following production possibilities table. Refer to the table. A total output of 3 units of capital goods and 4 units of consumer goods
A) is irrelevant because the economy is capable of producing a larger total output.
B) will result in the maximum rate of growth available to this economy.
C) would involve an inefficient use of the economy's scarce resources.
D) is unobtainable in this economy.

Question

Answer the question on the basis of the data given in the following production possibilities table.  Refer to the table. A total output of 3 units of capital goods and 4 units of consumer goods
A) is irrelevant because the economy is capable of producing a larger total output. 
B) will result in the maximum rate of growth available to this economy. 
C) would involve an inefficient use of the economy's scarce resources. 
D) is unobtainable in this economy.

Quizplus · Accepted Answer

The Answer of Answer the question on the basis of the data given in the following production possibilities table.  Refer to the table. A total output of 3 units of capital goods and 4 units of consumer goods
A) is irrelevant because the economy is capable of producing a larger total output. 
B) will result in the maximum rate of growth available to this economy. 
C) would involve an inefficient use of the economy's scarce resources. 
D) is unobtainable in this economy.

Answer the Question on the Basis of the Data Given