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What Does the Production Possibilities Curve Illustrate

Question 67

Multiple Choice

What does the production possibilities curve illustrate?


A) the minimum quantities of output that can be produced using available resources
B) the minimum quantity of two resources necessary to produce a given level of output
C) that when resources are currently being used efficiently, it is possible to increase production of one good only by sacrificing some of another good
D) that when resources are currently being used inefficiently, it is possible to increase production of one good only by sacrificing some of another good

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