Suppose there is no unemployment in the economy and society decides that it wants more of one good. Which of the following statements is true ? A. It can increase output without giving up another good. B. It can only achieve this with an advance in technology. C. It can only achieve this with an increase in resource supplies. D. It will have to give up production and consumption of some other good.

Question

Business

Kristin Bryant

31 May, 02:37

Suppose there is no unemployment in the economy and society decides that it wants more of one good. Which of the following statements is true ? A. It can increase output without giving up another good. B. It can only achieve this with an advance in technology. C. It can only achieve this with an increase in resource supplies. D. It will have to give up production and consumption of some other good.

+4

Answers (1)

Know the Answer?

Belen Colon · Answer 1

D. It will have to give up production and consumption of some other good.

Explanation:

In the absence of employment in economy the only option available is D because an individual will have limited resources. It will have to give up production and consumption of some other goods. Limited resources will not allow to increase output without giving up another good, to advanced the technology and increase in resources supplies.