Asked by Candace Stubblefield on Jun 15, 2024
Verified
Refer to Table 2-3. Which of the following combinations of corn and rice is not currently attainable but would be attainable if there was an improvement in overall production technology?
A) 2,000 bushels of corn and 300 bushels of rice
B) 1,500 bushels of corn and 900 bushels of rice
C) 1,250 bushels of corn and 1,700 bushels of rice
D) 500 bushels of corn and 1,700 bushels of rice
Production Technology
The methods and processes used to convert inputs into outputs (goods or services).
Corn
A cereal plant that yields large grains, or kernels, set in rows on a cob; widely grown for food, fodder, and biofuel.
Rice
Rice is a staple food grain consumed worldwide, known for its versatility and ability to serve as a primary source of carbohydrate.
- Comprehend the influence of technological progress on the economic production potential.
Verified Answer
TM
titus morrisJun 21, 2024
Final Answer :
C
Explanation :
Given that the combination is not currently attainable but would be with an improvement in technology, it suggests that this combination requires more resources or technology than currently available. Choices A, B, and D are likely within the current production possibilities, implying that choice C is beyond current capabilities but could be reached with technological advancements.
Learning Objectives
- Comprehend the influence of technological progress on the economic production potential.
Related questions
Refer to Figure 2-5 ...
Assume That a Change in Government Policy Results in Greater ...
Production Possibilities Frontiers Can Be Used to Illustrate Scarcity, Trade-Offs ...
The Trade-Off Between the Production of One Good and the ...
Economic Growth Causes a Production Possibilities Frontier to Shift Outward