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In Deciding to Produce More Agricultural Goods and Fewer Manufactured

Question 116

Multiple Choice

In deciding to produce more agricultural goods and fewer manufactured goods,a society is addressing the question of


A) where on its production possibilities frontier to operate
B) what production methods should be used to produce goods and services
C) how will output be allocated among the individuals in the society
D) what prices will be charged for goods and services
E) the optimal degree of central planning

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