using its resources efficiently O operating beyond its resources fully employing most of its resources using its resources inefficiently

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Use the PPF for Heisestan below to answer
the next 2 questions
A
10
9.
N
8
7
D
2
1
E
Problems
10
20
30
40
Food (units)
If, on the above graph, Heisestan is
producing 4 housing units and 20
food units, then we know that the
economy is
using its resources efficiently
operating beyond its resources
O fully employing most of its resources
using its resources inefficiently
Housing (units)
4,
Transcribed Image Text:Use the PPF for Heisestan below to answer the next 2 questions A 10 9. N 8 7 D 2 1 E Problems 10 20 30 40 Food (units) If, on the above graph, Heisestan is producing 4 housing units and 20 food units, then we know that the economy is using its resources efficiently operating beyond its resources O fully employing most of its resources using its resources inefficiently Housing (units) 4,
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