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.Which combination of points show production possibilities only achievable with improvements in technology or increases in resources?
A)Q,R,U,and V
B)S and X
C)T and W
D)None of the above is correct.

Question

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.Which combination of points show production possibilities only achievable with improvements in technology or increases in resources?
A)Q,R,U,and V 
B)S and X 
C)T and W 
D)None of the above is correct.

Quizplus · Accepted Answer

Points S and X are outside the original production possibilities curve, indicating that they can only be achieved with improvements in technology or increases in resources. The other points (Q, R, U, V, T, W) can all be achieved within the original curve with the given resources and technology.

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