Point g in Exhibit 23 is efficient because
A) the only way to increase production of A is by decreasing production of B
B) the economy can increase production of both A and B from point b
C) it is impossible to move to any other point along the production possibilities frontier
D) it is impossible to move to any other point inside the production possibilities frontier
E) no other production possibilities frontier exists
Correct Answer:
Verified
Q107: Q109: Q115: If an economy is operating at a Q127: If the production possibilities frontier is a Q130: Along a bowed-out production possibilities frontier, as Q132: A production possibilities frontier will be bowed Q135: The bowed-out shape of the production possibilities Q147: A production possibilities frontier will shift outward Q155: On a production possibilities frontier, the opportunity Q159: Which of the following would shift the
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