The points on a production possibilities curve show
A) Desired output.
B) Actual output.
C) Potential output.
D) None of the choices are correct.
Correct Answer:
Verified
Q34: According to the law of increasing opportunity
Q35: When an economy is producing efficiently,it is
A)Producing
Q36: If the United States decides to convert
Q37: According to the law of increasing opportunity
Q38: The production possibilities curve illustrates which two
Q40: If an economy experiences increasing opportunity costs
Q41: The market mechanism may best be defined
Q42: Adam Smith's invisible hand is now called
A)Economic
Q43: If market signals result in pollution beyond
Q44: Which of the following is an example
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