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An Economy's Production of Two Goods Is Efficient If

Question 239

Multiple Choice

An economy's production of two goods is efficient if


A) the goods are produced using only some of society's available resources.
B) the economy is producing at a point inside the production possibilities frontier.
C) it is impossible to produce more of one good without producing less of the other.
D) it is possible to produce more of one good without producing less of another good.

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