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If this economy devotes one-half of its available resources to the production of baseballs and the other half to the production of bananas, it could produce:____________
a. 150 bananas and 100 baseballs
b. 150 bananas and 150 baseballs
c. 300 bananas and 200 baseballs
d. We would have to know the details of this economy's technology in order to determine this.

Respuesta :

yoodyannapolis

Answer:

Option (d) is the correct answer to this question.

Explanation:

  • Economic models help to understand the Industrial Revolution, and why it began in Britain.
  • Wages, system costs, and other factors all matter as people make economic decisions.
  • These incentives are undermined by rivalry as creativity spreads through the economy.
  • Economics is a study of how we want to use finite resources to achieve the full fulfillment of limitless human needs.

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