Refer to the Following Production Possibilities Curves

question 260

Multiple Choice

Refer to the following production possibilities curves.Curve (a) is the current curve for the economy.Given production possibilities curve (a) , the combination of capital and consumer goods indicated by point L:

• A)would entail substantial unemployment.
• B)would entail an inefficient use of society's resources.
• C)is beyond the productive capacity of this society.
• D)suggests the productive capacity of the system is declining.

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