Any production point outside the production possibilities frontier is
A) associated with unused resources.
B) attainable only if prices rise.
C) attainable only if prices fall.
D) unattainable.
Correct Answer:
Verified
Q10: A production possibilities frontier (PPF)
A) shows combinations
Q11: The production possibilities frontier
A) depicts the boundary
Q12: The production possibilities frontier
A) refers to the
Q13: The production possibilities frontier itself shows
A) the
Q14: The production possibilities frontier is the boundary
Q16: A point outside a production possibilities frontier
Q17: When production is efficient, .
A) we can
Q18: Which of the following is NOT true
Q19: A production possibilities frontier illustrates the maximum
Q20: The production possibilities frontier is
A) downward sloping
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