Author Question: Information facilitates exchange by fostering competition. Indicate whether the statement is true ... (Read 117 times)

ec501234 · **on:** Jun 29, 2018

Information facilitates exchange by fostering competition.

Indicate whether the statement is true or false

Question 2

The figure above shows the production possibilities frontier for a country. If the country is producing at point D, then the

A) resources are being used efficiently.
B) technology associated with producing SUVs and compact cars is advancing.
C) resources are not being used efficiently and/or are unemployed.
D) production of SUVs and compact cars is maximized.
E) None of the above answers is correct because it is not possible to produce at point D.