Which of the following statements about point C is FALSE? a) production of both X and Y can increase, without more resources or improvement in technology. b) to produce more of product Y, some of product X has to be sacrificed. c) 12 units of product Y and 16 units of product X is being produced. d) the economy is not producing efficiently. e) both (a) and (d).

Which of the following statements about point C is FALSE? a) production of both X and Y can increase, without more resources or improvement in technology. b) to produce more of product Y, some of product X has to be sacrificed. c) 12 units of product Y and 16 units of product X is being produced. d) the economy is not producing efficiently. e) both (a) and (d).

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter2: Scarcity And Opportunity Costs

Section: Chapter Questions

Problem 6E

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		a) production of both X and Y can increase, without more resources or improvement in technology.
		b) to produce more of product Y, some of product X has to be sacrificed.
		c) 12 units of product Y and 16 units of product X is being produced.
		d) the economy is not producing efficiently.
		e) both (a) and (d).