|
Title: Suppose an economy is operating at a point on its production possibilities curve showing clothing ... Post by: sgy_89 on May 25, 2017 Suppose an economy is operating at a point on its production possibilities curve showing clothing and food. If the economy desires to produce additional clothing
A) it must reduce its output of food. B) it cannot do so, since the economy is fully utilizing its resources. C) it must also increase its output of food. D) it cannot do so, since clothing production has already been maximized. E) it cannot do so until there is an outward shift in the production possibilities curve. Title: Re: Suppose an economy is operating at a point on its production possibilities curve showing ... Post by: folioge on May 25, 2017 Content hidden
|