Solved

Figure 2-3 Tonnes

Question 26

Multiple Choice

Figure 2-3
Tonnes
of
Soybeans Figure 2-3 Tonnes of Soybeans -Given the PPC in Figure 2-3,if farmers are producing 7,000 tonnes of soybeans at point b,they A) must be using more land than was used in constructing the production possibilities curve. B) are productively inefficient and resource use therefore is allocatively inefficient. C) are productively inefficient but overall resource use is allocatively efficient. D) are using land to produce a crop other than soybeans or corn.
-Given the PPC in Figure 2-3,if farmers are producing 7,000 tonnes of soybeans at point b,they


A) must be using more land than was used in constructing the production possibilities curve.
B) are productively inefficient and resource use therefore is allocatively inefficient.
C) are productively inefficient but overall resource use is allocatively efficient.
D) are using land to produce a crop other than soybeans or corn.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q21: Figure 2-3
Tonnes
of
Soybeans Figure 2-3 Tonnes</p></div><svg width=

Q22: A movement along the production possibilities curve

Q23: The prime minister of Canada promises to

Q24: Figure 2-2 Figure 2-2 </p></div><svg width=

Q25: Which of the following would cause an

Q27: Figure 2-2 Figure 2-2 </p></div><svg width=

Q28: Figure 2-2 Figure 2-2 </p></div><svg width=

Q29: Figure 2-3
Tonnes
of
Soybeans Figure 2-3 Tonnes</p></div><svg width=

Q30: Figure 2-3
Tonnes
of
Soybeans Figure 2-3 Tonnes</p></div><svg width=

Q31: A society on its production possibilities curve

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents