Use the following to answer questions :
-(Figure: Wine and Wheat) Look at the figure Wine and Wheat. If this economy is producing 12 tons of wheat and 9,000 bottles of wine, we know the economy:
A)is using its resources efficiently.
B)is using its resources inefficiently.
C)is producing at an unattainable point.
D)has unemployment.

Question

Use the following to answer questions : 
-(Figure: Wine and Wheat) Look at the figure Wine and Wheat. If this economy is producing 12 tons of wheat and 9,000 bottles of wine, we know the economy:
A)is using its resources efficiently. 
B)is using its resources inefficiently. 
C)is producing at an unattainable point. 
D)has unemployment.

Quizplus · Accepted Answer

The economy is producing at a point on the production possibilities curve, which means it is using its resources efficiently. There is no indication of unemployment or an unattainable point.

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