In the above diagram above which of the following statement is TRUE? A) To move from production combination A to production combination B requires that we transfer resources from guns to butter. B) To move from production combination A to production combination B requires that we either increase the available resources or improve the available technology. C) To move from production combination A to production combination B requires that we expand gun production by reducing butter production. D) To move from production combination A to production combination B requires that we reduce the amount of resources that are either unemployed or underemployed. E) To move from production combination A to production combination B requires that we transfer resources from butter to guns.
In the above diagram above which of the following statement is TRUE? A) To move from production combination A to production combination B requires that we transfer resources from guns to butter. B) To move from production combination A to production combination B requires that we either increase the available resources or improve the available technology. C) To move from production combination A to production combination B requires that we expand gun production by reducing butter production. D) To move from production combination A to production combination B requires that we reduce the amount of resources that are either unemployed or underemployed. E) To move from production combination A to production combination B requires that we transfer resources from butter to guns.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
In the above diagram above which of the following statement is TRUE?
A)
To move from production combination A to production combination B requires that we transfer resources from guns to butter.
B)
To move from production combination A to production combination B requires that we either increase the available resources or improve the available technology.
C)
To move from production combination A to production combination B requires that we expand gun production by reducing butter production.
D)
To move from production combination A to production combination B requires that we reduce the amount of resources that are either unemployed or underemployed.
E)
To move from production combination A to production combination B requires that we transfer resources from butter to guns.
Transcribed Image Text:Guns
800
500
B
1000 1600
Production
Possibilities
Frontier
Butter
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