Production Possibilities Schedule Capital Goods Consumer Goods 10 0 9 1 7 2 4 3 0 4 Refer to Table 2.2. Identify the correct statement. A. The best the economy can do is to produce 10 units of capital goods and 4 units of consumer goods. B. If the economy produces 10 units of capital goods, it has sufficient resources to produce 4 units of consumer goods. C. If the economy produces 10 units of capital goods and no units of consumer goods, there is unemployment. D. If the economy produces 4 units of capital goods, it can manage to produce only 3 units of consumer goods. E. In order to produce the 10th unit of capital goods, 4 units of consumer goods must be forgone. 1 points Refer to Table 2.2. In order to produce the 10th unit of capital goods, 1 unit of consumer goods must be forgone. True False
| Production Possibilities Schedule | |
| Capital Goods | Consumer Goods |
| 10 | 0 |
| 9 | 1 |
| 7 | 2 |
| 4 | 3 |
| 0 | 4 |
Refer to Table 2.2. Identify the correct statement.
| A. | The best the economy can do is to produce 10 units of capital goods and 4 units of consumer goods. |
| B. | If the economy produces 10 units of capital goods, it has sufficient resources to produce 4 units of consumer goods. |
| C. | If the economy produces 10 units of capital goods and no units of consumer goods, there is unemployment. |
| D. | If the economy produces 4 units of capital goods, it can manage to produce only 3 units of consumer goods. |
| E. | In order to produce the 10th unit of capital goods, 4 units of consumer goods must be forgone. |
1 points
- Refer to Table 2.2. In order to produce the 10th unit of capital goods, 1 unit of consumer goods must be forgone. True False
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