Figure 2.1.4 Refer to Figure 2.1.4, which shows an economy's  PPF . Which...

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Figure 2.1.4

Refer to Figure 2.1.4, which shows an economy's PPF. Which of the following statements is correct about what the economy can produce?

If the economy uses all its resources it can produce

50 units of Y and 6 units of good X.

100%

6 units of good X and 60 units of good Y.

0%

6 units of good X and 40 units of good Y.

0%

50 units of good X and 6 units of good Y.

0%

7 units of good X and 40 units of good Y.

0%

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