Moving along the production possibilities frontier itself illustrates
A) the existence of unemployment of some factors of production.
B) the existence of tradeoffs.
C) the benefits of free lunches.
D) how tradeoffs need not occur if the economy is efficient.
E) how free lunches can be exploited through trade.
Correct Answer:
Verified
Q29: The above figure shows the production possibility
Q30: While moving on the production possibilities frontier,
Q31: A country produces only apples and bananas.
Q33: If the production possibilities frontier between bottled
Q35: The opportunity cost of producing one more
Q36: When a production possibilities frontier is bowed
Q37: The table above shows the production possibilities
Q38: The bowed out (concave) shape of the
Q39: Why does a nation experience increasing opportunity
Q81: A bowed out production possibilities frontier shows
A)
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