Solved

Assuming an Economy Has Fixed Quantities of Resources, That Economy

Question 13

Multiple Choice

Assuming an economy has fixed quantities of resources, that economy:


A) is more efficient, the larger the amount of goods and services it produces.
B) is able to satisfy all consumer wants.
C) will produce the same output whether or not resources are used efficiently.
D) is able to produce the same amount of output regardless of the production technologies it chooses.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions