Production Possibilities (Alternatives) Refer to the Above Table

question 222

Multiple Choice

Production possibilities (alternatives) Refer to the above table.For this economy to produce a total output of 3 units of capital goods and 13 units of consumer goods it must:

• A)achieve economic growth.
• B)use its resources more efficiently than the data in the table now indicate.
• C)allocate its available resources most efficiently among alternative uses.
• D)achieve the full employment of available resources.

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Definitions:

Statutes

Laws enacted by the legislative branch of a government.

Code

A compilation of all the statutes of a particular state or of the federal government.

Bill of Rights

The first ten amendments to the United States Constitution, guaranteeing such rights as the freedoms of speech, assembly, and worship.

Slave Owners

Individuals or entities that held ownership and control over other individuals as property, typically in historical contexts related to forced labor and chattel slavery.