Exhibit 2-19 Production possibilities curves
In Exhibit 2-19, the production possibilities curves for a country are shown for the years Year X and Year Y. Suppose this country was located at point A in Year X and would like to get to point B in Year Y. Construct a plan this country to activate in Year X to achieve this growth.
A. Eliminate unemployment, improve production technology, and acquire additional resources.
B. Produce more consumption goods, eliminate unemployment, and reduce inefficiency.
C. Reduce inefficiency, shift energy sources, and hold technology fixed.
D. It is impossible for this country to achieve point B in Year Y.
Answer: A
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C) retail; $60
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