The accompanying figure shows Becky's daily production possibilities curve for dresses and skirts. Point T is:

A. attainable.
B. neither attainable nor efficient.
C. both attainable and efficient.
D. efficient.


Answer: A

Economics

You might also like to view...

Which of the following rises during a recession?

A) Gross Domestic Product B) Investment C) Unemployment D) Consumption

Economics

The way in which growth occurs affects the pattern of trade of a country

Indicate whether the statement is true or false

Economics

The income elasticity of demand

A) is positive only. B) is negative only. C) must lie between -1 and +1. D) can be positive, negative, or zero.

Economics

The opportunity cost of attending college is likely to be higher for a high school graduate who leaves a job grilling hamburgers than it is for a high school dropout who leaves a job working as a computer network administrator

a. True b. False Indicate whether the statement is true or false

Economics