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Asked by Christin Sajan on Jun 28, 2024

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(Figure: Wine and Wheat) Use Figure: Wine and Wheat.If this economy is producing on the production possibility frontier,what would allow it to produce at point C? ==

A) an improvement in technology
B) a decrease in resources
C) a decrease in production
D) policies expanding social programs for seniors

Production Possibility Frontier

A chart that outlines the utmost production possibilities for two types of goods, contingent upon a selection of resources and other conditions.

Technology Improvement

Enhancements or innovations in technology that increase productivity, efficiency, and product quality in various sectors.

Economy

The system of production, consumption, and distribution of goods and services in a particular geographic region or country.

  • Understand the impact of technological changes and resource availability on economic production.
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DA
David ArimaJun 30, 2024
Final Answer :
A
Explanation :
To produce at point C, the economy needs to increase production of both wine and wheat. This can be achieved through an improvement in technology, which would allow for more efficient use of resources and increased productivity. A decrease in resources or production would actually move the economy away from point C on the production possibility frontier. Policies expanding social programs for seniors are unrelated to production possibilities.

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