Production Possibilities Tables for Two Countries,North Cantina and South Cantina

question 68

Multiple Choice

Production possibilities tables for two countries,North Cantina and South Cantina:
North Cantina Production possibilities (alternatives)
South Cantina Production possibilities (alternatives)

-Refer to the above tables.Suppose that resources in North Cantina and South Cantina are identical in quantity and quality.We can conclude that:

• A) South Cantina has better technology than North Cantina in producing both capital and consumer goods.
• B) North Cantina has better technology than South Cantina in producing both capital and consumer goods.
• C) North Cantina is growing more rapidly than South Cantina.
• D) North Cantina has better technology than South Cantina in producing consumer goods.

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Definitions:

Capital Acquisitions

The process of acquiring fixed, long-term assets that are intended to be used in the production of goods or services for generating future revenue.

Information Technology

The use of computers, storage, networking, and other physical devices, infrastructure, and processes to create, process, store, secure, and exchange all forms of electronic data.

Functionality

The range of operations that can be performed by a product or a system, especially in terms of its practical use and performance capability.

Conformance

Adherence to a set of standards, specifications, or regulations designed to ensure quality and compliance in products or services.