Production possibilities
-In the above table, the production of 3 pizzas and 80 cases of soda is
A) impossible unless more resources become available or technology improves.
B) feasible but would involve unemployed or misallocated resources.
C) possible only if the economy produces with maximum efficiency.
D) possible only if there is inflation.
Correct Answer:
Verified
Q100: Q101: Assuming farmers can plant either corn or Q102: One point on a PPF shows production Q103: A bowed outward production possibilities frontier occurs Q104: Generally, opportunity costs increase and the production Q106: Increasing opportunity cost while moving along a Q107: The fact of increasing opportunity costs means Q108: When the production possibilities frontier is bowed Q109: Increasing opportunity cost occurs along a production Q110: The fact that individual productive resources are
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