A point outside a production possibilities curve reflects:
A) the law of increasing costs.
B) future technological innovation.
C) less than full use of resources and technology.
D) economic efficiency.
Correct Answer:
Verified
Q21: The law of increasing costs indicates that
Q29: When an economy's resources are not fully
Q31: A production possibilities frontier shows the various:
A)combinations
Q32: Which of the following is not true
Q34: Exhibit 2-2 Production possibilities frontier
Q35: Exhibit 2-2 Production possibilities frontier
Q36: The production possibilities frontier illustrates all of
Q37: The production possibilities frontier shows different combinations
Q38: The production possibilities frontier demonstrates the basic
Q96: Along a production possibilities curve showing capital
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