​Exhibit 3-8 -Refer to Exhibit 3-8. at Point a in the Production

Multiple Choice

​Exhibit 3-8
-Refer to Exhibit 3-8. At Point A in the production possibilities graph shown, the economy:

A) ​is not using its resources efficiently.
B) ​is using its resources efficiently while producing clothing but no food.
C) ​is using its resources efficiently while producing food but no clothing.
D) ​is using its resources efficiently to produce both food and clothing.