The production possibilities frontier
A) is the boundary between attainable and unattainable levels of production.
B) is the boundary between what we want to consume and what we want to produce.
C) shows how production increases as prices rise.
D) shows prices at which production is possible and impossible.
E) illustrates why there need not be any scarcity in the world.
Correct Answer:
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Q1: Opportunity cost of an action is
A)the best
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Q6: Use the figure below to answer the
Q7: Use the figure below to answer the
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A)the production possibilities
Q11: Use the figure below to answer the
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