Answer the question on the basis of the following production possibilities tables for two countries, North Cantina and South Cantina. 
Refer to the tables. Suppose that North Cantina is producing 2 units of capital goods and 17 units of consumer goods, while South Cantina is producing 2 units of capital goods and 21 units of consumer goods. We can conclude that
A) North Cantina is fully and efficiently using its resources, but South Cantina is not.
B) South Cantina is fully and efficiently using its resources, but North Cantina is not.
C) neither South Cantina nor North Cantina is fully and efficiently using its resources.
D) both South Cantina and North Cantina are fully and efficiently using their resources.
Correct Answer:
Verified
Q109: The law of increasing opportunity costs states
Q110: The negative slope of the production possibilities
Q111: The slope of the typical production possibilities
Q112: The law of increasing opportunity costs is
Q113: Answer the question on the basis of
Q115: The fact that the slope of the
Q116: The production possibilities curve tells us
A) the
Q117: The production possibilities curve has
A) a positive
Q118: Answer the question on the basis of
Q119: Answer the question on the basis of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents