Use the following to answer question(s) : Production Possibilities Curve
-(Exhibit: Production Possibilities Curve) Which of the following statements is true?
A) Operation at Point E is possible, given the current factors of production.
B) At point D, there must be efficiency and full employment since it is not necessary to use so many resources.
C) Every point on the production possibilities curve is a full employment and efficient point of production.
D) Point B is more efficient than either point A or point C.
Correct Answer:
Verified
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