The slope of a typical production possibilities frontier reflects the fact that
A) some systems of market organization are more efficient than others.
B) the invisible hand always functions smoothly in a market system without government intervention.
C) when resources are allocated efficiently, it's impossible to produce more of anything without producing less of something else.
D) production is only possible when resources are allocated efficiently.
Correct Answer:
Verified
Q86: The existence of a universal law of
Q87: Which type of economic system will produce
Q88: The necessity for choice, in economics, arises
Q89: Centrally planned economies do not use the
Q90: Figure 11-2 Q92: The nation listed below whose economy currently Q93: The production possibilities frontier illustrates Q94: Goods are distributed efficiently if everyone gets Q95: An efficient allocation of resources is demonstrated Q96: Figure 11-1
![]()
A)the constant rate
![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents