Which of the following is true about the combination of mops and brooms represented by point E in Figure 1.3 and using PP1?
A) Point E is efficient now.
B) Point E is attainable if this economy uses more of its available resources.
C) Point E is unattainable if this economy becomes more efficient.
D) Point E is attainable only if more resources become available or technological advances are made. Any point outside the production possibilities curve cannot be attained without growth in resources or better technology.
Correct Answer:
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Q75: Q76: Q77: Q78: Q79: Q81: Q82: Table 1.1 shows the hypothetical trade-off Q83: Table 1.2 shows the hypothetical trade-off Q84: Q85: 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