If the Resources Within a Nation Are Not Being Fully

question 7

Multiple Choice

If the resources within a nation are not being fully or efficiently utilized,it means:

• A)that nation is operating at a point inside its production possibilities curve.
• B)that nation is operating at a point outside its production possibilities curve.
• C)that nation is operating at a point along its production possibilities curve.
• D)that nation is probably technologically advanced.
• E)the government of that nation should seize ownership of the resources in order to attain the necessary efficiencies.

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Definitions:

Conservative

Favoring traditional views and values; tending to resist change or cautious in approach.

Realistic

Having or showing a practical awareness of things as they are; understanding and accepting the physical limitations or the truth of a situation.

Bullish

An attitude or belief that a particular stock, asset, or market is about to rise in value.

Feasibility Study

An assessment of the practicality and potential success of a proposed project or business, analyzing variables such as cost, risk, and benefits.