If the economy is inside the production possibilities curve,then more output can be produced using existing resources.
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Q122: Production possibilities in an economy decrease as
Q123: Scarcity results when available resources cannot satisfy
Q124: All economies must make decisions concerning what
Q125: The fact that there are too few
Q126: According to the text,there is no such
Q128: Opportunity cost is a theoretical concept with
Q129: When the relationship between two variables changes,
A)There
Q130: All output combinations that lie outside a
Q131: A linear function can be distinguished by
A)The
Q132: The slope of a curve at any
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