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Figure 2-16​ -Refer to Figure 2-16.Suppose This Economy Is Producing at Point

Question 252

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Figure 2-16​ Figure 2-16​   -Refer to Figure 2-16.Suppose this economy is producing at point B.Which of the following statements would best explain this situation? A) The economy does not have enough resources to produce more of either product. B) The economy's available technology prevents it from producing more of either product. C) There is widespread unemployment in the economy. D) The economy is getting all it can from the scarce resources available.
-Refer to Figure 2-16.Suppose this economy is producing at point B.Which of the following statements would best explain this situation?


A) The economy does not have enough resources to produce more of either product.
B) The economy's available technology prevents it from producing more of either product.
C) There is widespread unemployment in the economy.
D) The economy is getting all it can from the scarce resources available.

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