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Exhibit 3-8 -Refer to Exhibit 3-8. at Point a in the Production

Question 84

Multiple Choice

Exhibit 3-8 Exhibit 3-8 -Refer to Exhibit 3-8. At Point A in the production possibilities graph shown, the economy: A) is not using its resources efficiently. B) is using its resources efficiently while producing clothing but no food. C) is using its resources efficiently while producing food but no clothing. D) is using its resources efficiently to produce both food and clothing.
-Refer to Exhibit 3-8. At Point A in the production possibilities graph shown, the economy:

A) is not using its resources efficiently.
B) is using its resources efficiently while producing clothing but no food.
C) is using its resources efficiently while producing food but no clothing.
D) is using its resources efficiently to produce both food and clothing.

Correct Answer: