Each point on a production possibilities frontier requires full employment of resources.
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Q97: Fast food is faster and cheaper than
Q98: A medium of exchange must be
A)approved by
Q99: Division of labor increases productivity because
A)tasks can
Q100: Which of the following provide the best
Q101: If all resources are used efficiently to
Q103: Society's production possibilities frontier
A)helps explain the immense
Q104: The production possibilities frontier represents the boundary
Q105: "Efficiency" refers to
A)producing output using the least
Q106: Exhibit 2-4 Q107: Exhibit 2-4
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