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Points on the Production Possibilities Frontier Have the Property That

Question 7

Multiple Choice

Points on the production possibilities frontier have the property that they


A) are inherently unattainable.
B) show the maximum amount of leisure that can be consumed for given amounts of goods consumed.
C) show the maximum amount of goods that can be consumed for given amounts of government spending.
D) show the maximum amount of leisure that can be consumed for given amounts of hours worked.
E) show the maximum amount of goods that can be consumed in a competitive equilibrium.

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