Which of the following is true of Figure 2-4? 2-4.png If the economy operates at point B, resources are being used inefficiently. O If the economy operates at point A, resources are being used efficiently. If the economy operates at point B, it is impossible to increase the output of clothing without giving up food production. If the economy operates at point A, it is impossible to produce more of both food and clothing.

Which of the following is true of Figure 2-4? 2-4.png If the economy operates at point B, resources are being used inefficiently. O If the economy operates at point A, resources are being used efficiently. If the economy operates at point B, it is impossible to increase the output of clothing without giving up food production. If the economy operates at point A, it is impossible to produce more of both food and clothing.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter3: Scarcity, Trade-offs, And Production Possibilities

Section: Chapter Questions

Problem 13P

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