
-A nation can consume at a point outside its PPF
A) never.
B) when it trades with other nations.
C) when its PPF is bowed out.
D) when it produces inefficiently.
Correct Answer:
Verified
Q187: Abe can catch 10 pounds of fish
Q188: Abe can catch 15 pounds of fish
Q189: Production efficiency means that
A) as few resources
Q190: Marginal cost is the one more unit
Q191: Marginal cost
A) can be illustrated by moving
Q193: Q194: Claire and Dag are farmers who produce Q195: Marginal cost is the Q196: Moving along a PPF, marginal cost is Q197: ![]()
A) opportunity cost of
A)![]()
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