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Figure 1.2 -​If an Economy Is Producing at a Point on the Point

Question 54

Multiple Choice

Figure 1.2 Figure 1.2   -​If an economy is producing at a point on the production possibilities curve it represents: A) full employment of existing resources. B) the ​gains from trade that an economy can enjoy. C) the maximum amount of two goods that can be produced with existing resources. D) ​decreasing opportunity costs of producing both goods. E) ​overutilization of existing resources.
-​If an economy is producing at a point on the production possibilities curve it represents:


A) full employment of existing resources.
B) the ​gains from trade that an economy can enjoy.
C) the maximum amount of two goods that can be produced with existing resources.
D) ​decreasing opportunity costs of producing both goods.
E) ​overutilization of existing resources.

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