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. O B. The country is maximizing its opportunity cost. c. The country is operating on its production possibilities frontier. B G O D. All of the above occur if a country uses all available resources. 60 . Refer to the graph to the right. What is the opportunity cost f moving from point B to point C? O A. 40 sedans 30 O B. 40 SUVS 20- OC. 20 sedans O D. 20 SUVS 10 50 E 20 Quantity of SUVS produced per day 60 100 Quantity of sedans produced per
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. O B. The country is maximizing its opportunity cost. c. The country is operating on its production possibilities frontier. B G O D. All of the above occur if a country uses all available resources. 60 . Refer to the graph to the right. What is the opportunity cost f moving from point B to point C? O A. 40 sedans 30 O B. 40 SUVS 20- OC. 20 sedans O D. 20 SUVS 10 50 E 20 Quantity of SUVS produced per day 60 100 Quantity of sedans produced per
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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.
O B. The country is maximizing its opportunity cost.
A
80-
c. The country is operating on its production possibilities frontier.
B
G
O D. All of the above occur if a country uses all available resources.
60-
Refer to the graph to the right. What is the opportunity cost of moving from point B to point C?
40-
O A. 40 sedans
30 F
**...
O B. 40 SUVS
D
20-
O C. 20 sedans
O D. 20 SUVS
10
50
E
20
40
60
80
100
Quantity of SUVS produced per day
Quantity of sedans produced per day
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