Question Solved1 Answer The country of Econoland produces two goods textbooks and widgets. Last year, it produced at a point inside its production possibilities frontier and currently it is operating at a point on the (same) production possibilities frontier. Which statement best explains the change? Select one: O a. Econoland experienced an improvement in widget-making technology O b. Econoland acquired more resources O c. Econoland experienced a high level of emigration out of the country, O d. Econoland was originally experiencing unemployment but is now employing all its resources.

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Transcribed Image Text: The country of Econoland produces two goods textbooks and widgets. Last year, it produced at a point inside its production possibilities frontier and currently it is operating at a point on the (same) production possibilities frontier. Which statement best explains the change? Select one: O a. Econoland experienced an improvement in widget-making technology O b. Econoland acquired more resources O c. Econoland experienced a high level of emigration out of the country, O d. Econoland was originally experiencing unemployment but is now employing all its resources.
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Transcribed Image Text: The country of Econoland produces two goods textbooks and widgets. Last year, it produced at a point inside its production possibilities frontier and currently it is operating at a point on the (same) production possibilities frontier. Which statement best explains the change? Select one: O a. Econoland experienced an improvement in widget-making technology O b. Econoland acquired more resources O c. Econoland experienced a high level of emigration out of the country, O d. Econoland was originally experiencing unemployment but is now employing all its resources.
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Answer option d) Ecoland was originally experiencing unemployment but now employing it's all resources Initillitialy in Ecoland unemployment was there as proper utilisation ... See the full answer