The following graph is the production possibilities curve of a nation. The combination "5 drill presses and 2 bread" indicates
A) an unattainable combination for the nation.
B) that some resources in the nation are unemployed.
C) an ideal combination for the nation.
D) a combination produced when the nation is at full employment.
Correct Answer:
Verified
Q309: The following graph is the production possibilities
Q310: If a nation is initially on its
Q311: The law of increasing opportunity costs states
Q312: If the opportunity cost of producing extra
Q313: Imagine an ideal scenario where world peace
Q315: When a nation is under-allocating resources to
Q316: Suppose that a nation can only make
Q317: Because of increasing opportunity costs, the production
Q318: Consider an economy that is producing inside
Q319: If the production possibilities curve is a
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