Use the following to answer question:
-(Figure: Wine and Wheat)Use Figure: Wine and Wheat.If this economy is producing on the production possibility frontier,what would allow it to produce at point C? ==
A)an improvement in technology
B)a decrease in resources
C)a decrease in production
D)policies expanding social programs for seniors

Question

Use the following to answer question: 
-(Figure: Wine and Wheat)Use Figure: Wine and Wheat.If this economy is producing on the production possibility frontier,what would allow it to produce at point C? ==
A)an improvement in technology 
B)a decrease in resources 
C)a decrease in production 
D)policies expanding social programs for seniors

Quizplus · Accepted Answer

To produce at point C, the economy needs to increase production of both wine and wheat. This can be achieved through an improvement in technology, which would allow for more efficient use of resources and increased productivity. A decrease in resources or production would actually move the economy away from point C on the production possibility frontier. Policies expanding social programs for seniors are unrelated to production possibilities.

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