What happens if a country produces a combination of goods that efficiently uses all of the resources available in the economy? 100- O A. The country has eliminated scarcity. 80 O B. The country is maximizing its opportunity cost. O C. The country is operating on its production possibilities frontier. 60- O D. All of the above occur if a country uses all available resources. C 30 F 20- 10 50 20 40 60 80 100 Quantity of SUVS produced per day Quantity of sedans produced per day
What happens if a country produces a combination of goods that efficiently uses all of the resources available in the economy? 100- O A. The country has eliminated scarcity. 80 O B. The country is maximizing its opportunity cost. O C. The country is operating on its production possibilities frontier. 60- O D. All of the above occur if a country uses all available resources. C 30 F 20- 10 50 20 40 60 80 100 Quantity of SUVS produced per day Quantity of sedans produced per day
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![What happens if a country produces a combination of goods that efficiently uses
all of the resources available in the economy?
100-
O A. The country has eliminated scarcity.
80
O B. The country is maximizing its opportunity cost.
O C. The country is operating on its production possibilities frontier.
O D. All of the above occur if a country uses all available resources.
40
30 F
20-
10
50
0-
20
40
60
80
100
Quantity of SUVS produced per day
Quantity of sedans produced per day](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2801065f-2403-4e12-8473-cc6de909c590%2Fec26cc9b-5eb8-447b-a45b-e55515456975%2F1f9wme4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:What happens if a country produces a combination of goods that efficiently uses
all of the resources available in the economy?
100-
O A. The country has eliminated scarcity.
80
O B. The country is maximizing its opportunity cost.
O C. The country is operating on its production possibilities frontier.
O D. All of the above occur if a country uses all available resources.
40
30 F
20-
10
50
0-
20
40
60
80
100
Quantity of SUVS produced per day
Quantity of sedans produced per day
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