Clothing Production possibilities curve At Point A in the production possibilities graph shown above, the economy: O is in a recession O is using its resources efficiently while producing clothing but no food. is using its resources efficiently while producing food but no clothing. is using its resources efficiently to produce both food and clothing. Which model shows individual choice with the concept of scarcity? O consumption set O original budget budget constraint income cap Wine B Point B The most efficient point of production is: Point C Point D E C Bread All points on the production possibilities frontier are equally efficient. Clothing Production possibilities curve At Point A in the production possibilities graph shown above, the economy: O is in a recession O is using its resources efficiently while producing clothing but no food. is using its resources efficiently while producing food but no clothing. is using its resources efficiently to produce both food and clothing. Which model shows individual choice with the concept of scarcity? O consumption set O original budget budget constraint income cap Wine B Point B The most efficient point of production is: Point C Point D E C Bread All points on the production possibilities frontier are equally efficient.