Asked by Brittany Cates on Jun 13, 2024

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Refer to Figure 2-3. If this economy devotes all of its resources to the production of forks, then it will produce

A) 80 knives and 0 forks.
B) 40 knives and 50 forks.
C) 0 knives and 100 forks.
D) 50 knives and 80 forks.

Production Of Forks

The process of manufacturing forks, involving various techniques depending on the material used, such as metal forging or plastic molding.

  • Acknowledge the relevance of the production possibilities frontier (PPF) and its meaning.
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Qusai QwasmehJun 15, 2024
Final Answer :
C
Explanation :
Without access to Figure 2-3, the correct answer can still be deduced based on the information given in the question. If an economy devotes all of its resources to the production of forks, it logically follows that it would produce the maximum number of forks possible and no knives. Therefore, the correct answer is the one that states 0 knives and 100 forks.