Multiple Choice
Use the following to answer questions :
Figure: Production Possibility Frontier Curve for Tealand
-(Figure: Production Possibility Frontier for Tealand) Look at the figure Production Possibility Frontier for Tealand. If Tealand is producing 10 million scones and 10 million cups of tea (point A) , we know that the economy:
A) is using its resources efficiently.
B) is using its resources inefficiently.
C) is fully employing its resources.
D) has found new resources.
Correct Answer:

Verified
Correct Answer:
Verified
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