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Exhibit 2-9 Production Possibilities Curve If the Economy Represented

Question 103

Multiple Choice

Exhibit 2-9 Production possibilities curve Exhibit 2-9 Production possibilities curve   If the economy represented in Exhibit 2-9 is operating at Point W: A) no tractor product must be forgone to produce more food in the current period. B) resources are not fully used. C) some tractor production must be forgone to produce more food in the current period. D) increased food production would be impossible. If the economy represented in Exhibit 2-9 is operating at Point W:


A) no tractor product must be forgone to produce more food in the current period.
B) resources are not fully used.
C) some tractor production must be forgone to produce more food in the current period.
D) increased food production would be impossible.

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