Figure 2-14 Consider the Production Possibilities Curve for a Country

question 149

Multiple Choice

Figure 2-14 Consider the production possibilities curve for a country that can produce sweaters,apples (in bushels) ,or a combination of the two
-Refer to Figure 2-14.If this economy devotes all of its available resources to producing apples,then it will produce

• A)0 bushels of apples and 200 sweaters.
• B)80 bushels of apples and 160 sweaters
• C)180 bushels of apples and 200 sweaters.
• D)180 bushels of apples and 0 sweaters.

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Definitions:

ASPE

A collection of accounting principles for private corporations in Canada.

Quarterly

Occurring every three months or four times a year.