Two reasons why an economy might operate inside of its production possibilities frontier are
A) productive efficiency and technological change
B) depressions and inflation
C) recessions and productive inefficiency
D) opportunity costs and substitutability of resources used in production
E) productive inefficiency and a decrease in the state of technology
Correct Answer:
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Q24: Figure 2-3 Q25: According to the law of increasing opportunity Q26: Figure 2-8 Q27: Suppose that the country of Utopia produces Q28: Figure 2-8 Q30: If an economy's production possibilities frontier shifted Q31: The production possibilities frontier can be used Q32: Figure 2-7 Q33: One explanation for the drop in the Q34: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
