G What i meant by fll mp G If The Price is Below The E t uestion 2Y 4 pts Assume

Question

G What i meant by fll mp G If The Price is Below The E t uestion 2Y 4 pts Assume the following production possibilities data are for a small country off the coast of South America. Assume that this economy is currently at point "C. Pretzels0 8 13 17 20 Beer Suppose that for whatever reason, this country found itself with 5 pretzels and 3 beers, and that it still had the production possibilitics data given above. How would this new combination of pretzels and beer be achicved? O Through changes in technology ole F10 0 1

Explanation / Answer

Solution: The points with 5 pretzels and 3 beers will lie within the curve of the production set: combinations of goods that the economy could potentially produce , thus the economy will be under-employing its resources

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