Multiple Choice
Production possibilities tables for two countries,North Cantina and South Cantina:
North Cantina Production possibilities (alternatives)
South Cantina Production possibilities (alternatives)
-Refer to the above tables.Suppose that North Cantina is producing 2 units of capital goods and 17 units of consumer goods while South Cantina is producing 2 units of capital goods and 21 units of consumer goods.We can conclude that:
A) North Cantina is fully and efficiently using its resources,but South Cantina is not.
B) South Cantina is fully and efficiently using its resources,but North Cantina is not.
C) neither South Cantina nor North Cantina are fully and efficiently using their resources.
D) both South Cantina and North Cantina are fully and efficiently using their resources.
Correct Answer:

Verified
Correct Answer:
Verified
Q30: Assume a household would consume $100 worth
Q45: Marginal costs exist because:<br>A)the decision to produce
Q56: The slope of a straight line can
Q94: Which of the following is not correct?
Q126: If price (P) and quantity (Q) are
Q153: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2474/.jpg" alt=" -In the above
Q154: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2474/.jpg" alt=" -The above data
Q158: The budget line shift from cd to
Q159: A positive statement is one which is:<br>A)
Q221: Which of the following statements, if any,