02. Which of the following statements about point C is FALSE? production of both X and Y can increase, without more resources or improvement in technology. 12 units of product Y and 16 units of product X is being produced to produce more of product Y, some of product X has to be sacrificed. the economy is not producing efficiently. both (a) and (d). 8 O O

02. Which of the following statements about point C is FALSE? production of both X and Y can increase, without more resources or improvement in technology. 12 units of product Y and 16 units of product X is being produced to produce more of product Y, some of product X has to be sacrificed. the economy is not producing efficiently. both (a) and (d). 8 O O

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter3: Your Role As A Consumer

Section3.3: Consumerism

Problem 5R

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