What combinations of production are efficient in a production possibilities frontier (PPF) ?
A) all points that lie on the axes
B) all points that are inside the PPF
C) all points that are outside the PPF
D) all points that are on the PPF
Correct Answer:
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Q28: What does the phrase ceteris paribus mean?
A)
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Q34: Use the figure The Production Possibilities Frontier
Q35: Use the figure The Production Possibilities Frontier
Q36: Use the figure The Production Possibilities Frontier
Q37: Use the figure The Production Possibilities Frontier
Q38: Use the figure The Production Possibilities Frontier
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