High School Economics 3 Questions

1414 B 12 C Bicycles D 2 O 2 6 8 10 Computers Refer to the diagram. The combination of computers and bicycles shown by point G is: A. attainable, but too costly. B. unattainable, given currently available resources and technology. C. attainable, but involves unemployment. D. irrelevant because it is inconsistent with consumer preferences. Capital goods C 0 Consumer goods Refer to the diagram. Other things equal, this economy will achieve the most rapid rate of growth if: A. the ratio of capital to consumer goods is minimized. B. it chooses point C. C. it chooses point B. D. it chooses point s 3. Which sentences BEST describes the economic problem of scarcity? A. It exists only in poor, undeveloped nations B. It exists only in the past when there was no technology C. It exists only after a natural disaster D. It exists all the time and is the basic problem facing all societies