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the Table Above Gives Four Production Possibilities for Airplanes

question 72

Multiple Choice

$\begin{array} { c c c } \hline \text { Possibility } & \begin{array} { c } \text { Airplanes } \\\text { (number) }\end{array} & \begin{array} { c } \text { Cruise ships } \\\text { (number) }\end{array} \\\hline \text { A } & 100 & 0 \\\text { B } & 80 & 20 \\\text { C } & 50 & 40 \\\text { D } & 0 & 60 \\\hline\end{array}$
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The table above gives four production possibilities for airplanes and cruise ships. In possibility A, how many resources are devoted to the production of airplanes?

• A)few
• B)all
• C)0
• D)most
• E)It is impossible to tell without more information about the prices of airplanes and cruise ships.

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Definitions:

Circular Flow Model

An economic model that depicts the movement of goods, services, and money between households and businesses in an economy.

Consumer Expenditures

The total amount spent by consumers in an economy on goods and services.

Government and Households

The sectors of an economy involving government spending and actions, and the consumption and savings patterns of individual households.

Business Firms

Entities involved in commercial, industrial, or professional activities, aimed at generating profits.