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What Is Assumed When an Economy's Production Possibilities Curve for a Year

Question 53

Multiple Choice

What is assumed when an economy's production possibilities curve for a year is drawn?


A) There is a fixed quantity of resources and technology that is changing along the curve.
B) There is a fixed quantity of available resources and an unchanging level of technology.
C) The productivity of resources increases continually.
D) There is an unchanging level of technology and a changing quantity of resources.

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