Production Possibilities (Alternatives) Refer to the Above Table

question 71

Multiple Choice

Production possibilities (alternatives) Refer to the above table.A total output of 3 units of capital goods and 4 units of consumer goods:

• A)is irrelevant because the economy is capable of producing a larger total output.
• B)will result in the maximum rate of growth available to this economy.
• C)would involve an inefficient use of the economy's scarce resources.
• D)is unobtainable in this economy.

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