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Using a Production Possibilities Curve, an Economy That Produces an Output

Question 98

Multiple Choice

Using a production possibilities curve, an economy that produces an output combination less than the maximum possible is depicted by a point located:


A) at the top corner of the curve.
B) near the middle of the curve.
C) at the bottom corner of the curve.
D) outside the curve.
E) inside the curve.

Correct Answer:

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