Fgure 2-7 400 2000 1600 1200 400 400 809 12001600 sob 177. Refer to Flgure 2-7.
ID: 1134851 • Letter: F
Question
Fgure 2-7 400 2000 1600 1200 400 400 809 12001600 sob 177. Refer to Flgure 2-7. Point B represents an outcome in which a. production is inefficient b. some of the economy's resources are unemployed. c. the economy is using all of its resources to produce books d. the economy is using all of its ribeye steaks to produce books 178. Refer to Figure 2-7. Which point on the graph best represents the fact that, because resources are scarce, not every conceivable outcome is feasible? .pointA b. point B c. point C d point D 11+ Refer to Fiure 2-7. Efficient production is represented by which point(s)? a. b. c. d. A A, B A,B,C A, B, D 180. Refer to Figure 2-7. Inefficient production is represented by which points)a a. B, D b. c C DExplanation / Answer
177 option D is correct because point B lies on the horizontal axis which implies the economies using all its resources in the production of books
178 option C because this is the point that is not attainable
179 option B because these points lie on the production possibility Frontier.
180 option D is correct because point D lies inside the PPF
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