When a nation's human and material resources are fully employed, more of any one

product:

a) Can be produced only if there is a general decrease in prices.

b) Cannot be produced.

c) Can be produced only if there is less production of other products.

d) Can be produced only if private enterprise does so rather than the

government.

Question

Business

Mallory Compton

9 October, 17:15

When a nation's human and material resources are fully employed, more of any one

product:

a) Can be produced only if there is a general decrease in prices.

b) Cannot be produced.

c) Can be produced only if there is less production of other products.

d) Can be produced only if private enterprise does so rather than the

government.

+4

Answers (1)

Know the Answer?

Mollie Carson · Answer 1

C. Can be produced only if there is less production of other products.

Explanation:

When a nation's human and material resources are fully employed, then there has to be less production of other products because resources would have to be shifted away from such production and concentrated im producing more of any one item or product.

The above shows a scenario where economizing problem is in force i. e scarcity, which requires proper allocation of resources. It is a major problem faced by many societies and must be solved when there is less production of other products inorder to produce more of any one product.