QUESTION 16 Refer to the above diagram. The combination of computers and bicycles shown by point F : a. is unattainable, given currently available resources and technology. b. is attainable but implies that the economy is not using all its resources. c. is irrelevant because it is inconsistent with consumer sovereignty. d. suggests that opportunity costs are constant.
QUESTION 16 Refer to the above diagram. The combination of computers and bicycles shown by point F : a. is unattainable, given currently available resources and technology. b. is attainable but implies that the economy is not using all its resources. c. is irrelevant because it is inconsistent with consumer sovereignty. d. suggests that opportunity costs are constant.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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QUESTION 16 Refer to the above diagram. The combination of computers and bicycles shown by point F :
a. is unattainable, given currently available resources and technology.
b. is attainable but implies that the economy is not using all its resources.
c. is irrelevant because it is inconsistent with consumer sovereignty.
d. suggests that
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