If society produces at a point inside the production possibilities frontier, it is characterized by full employment of resources.
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Q47: The political party that is in power
Q48: Being on the production possibilities frontier implies
Q49: The production possibilities frontier slopes downward and
Q50: If a society produces at a point
Q51: From a society's viewpoint, when all resources
Q53: According to the principle of increasing costs,
Q54: A government, based upon its policy decisions,
Q55: A production possibilities frontier shows the combinations
Q56: The concept of opportunity cost is more
Q57: A society's decision to produce more tanks
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