Multiple Choice
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
Correct Answer:
Verified
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