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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

Exploring Economics
Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter3: Scarcity, Trade-offs, And Production Possibilities
Section: Chapter Questions
Problem 6P
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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
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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