Figure: Strawberries and Submarines II

question 169

Essay

Figure: Strawberries and Submarines II
(Figure: Strawberries and Submarines II) Look at the figure Strawberries and Submarines II.The downward slope of the production possibility frontier implies that resources:
A.must be used efficiently.
B.are scarce.
C.should not be wasted.
D.should be allocated so that approximately equal amounts of both goods are produced.

---

Definitions:

Productivity

The effectiveness of productive effort, measured in terms of the rate of output per unit of input, often used to gauge the efficiency of an organization or industry.

Backup Source

An alternative or secondary supplier, system, or method available in case the primary option fails, to ensure continuity.

Unused Capacity

Resources or assets that are available but not currently being used to their fullest potential in production or operations.

Wasted Capacity

Resources or facilities that are underused or not used to their full potential, leading to inefficiency and lost productivity.