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-In the Figure Above, the Point Labeled C in the Production

Question 144

Multiple Choice

  -In the figure above, the point labeled C in the production possibilities frontier A)  represents either unemployed or inefficiently utilized resources. B)  represents a highly desirable output level in the long run, because it conserves scarce resources. C)  represents the maximum sustainable output level for this nation in the long run. D)  is unattainable; it is beyond the productive capability of this country.
-In the figure above, the point labeled C in the production possibilities frontier


A) represents either unemployed or inefficiently utilized resources.
B) represents a highly desirable output level in the long run, because it conserves scarce resources.
C) represents the maximum sustainable output level for this nation in the long run.
D) is unattainable; it is beyond the productive capability of this country.

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