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Use the Following to Answer Question(s)

Question 122

Multiple Choice

Use the following to answer question(s) :
Exhibit: Bicycles and Radishes 1
Use the following to answer question(s) :  Exhibit: Bicycles and Radishes 1    -(Exhibit: Bicycles and Radishes 1)  The exhibit shows production possibilities curves for two countries that produce only radishes and bicycles. The axes of both graphs are measured in equivalent units. Country A is now operating at point M, and Country B is now operating at point N. Suppose Country B wants to be able to produce more radishes and more bicycles. To do this, it must: A)  Use its resources more efficiently. B)  achieve full employment in its use of resources. C)  acquire more capital, more labor, more natural resources, and/or better technology. D)  do all of the above.
-(Exhibit: Bicycles and Radishes 1) The exhibit shows production possibilities curves for two countries that produce only radishes and bicycles. The axes of both graphs are measured in equivalent units. Country A is now operating at point M, and Country B is now operating at point N. Suppose Country B wants to be able to produce more radishes and more bicycles. To do this, it must:


A) Use its resources more efficiently.
B) achieve full employment in its use of resources.
C) acquire more capital, more labor, more natural resources, and/or better technology.
D) do all of the above.

Correct Answer:

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