Which of the following statements is true?
A) The economy can operate outside (or beyond)its institutional PPF and its physical PPF,but only for a short while.
B) The economy can operate outside its physical PPF,if only for a short while,but can never operate outside its institutional PPF.
C) The economy can operate outside its institutional PPF,if only for a short while,but can never operate outside its physical PPF.
D) The economy can never operate outside its institutional PPF or its physical PPF,even for a short while.
E) none of the above

Question

Quizplus · Accepted Answer

The economy can temporarily operate beyond its institutional PPF due to factors like regulatory changes or emergency measures, but it cannot surpass its physical PPF, which is limited by resources and technology.

Which of the Following Statements Is True