A point outside a production possibilities curve reflects:
A) efficiency.
B) specialisation.
C) inefficiency.
D) unemployment.
E) an impossible choice.
Correct Answer:
Verified
Q20: Marginal analysis:
A) compares some benefits of a
Q21: Efficient production means producing:
A)less than feasible output
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Q24: If an economy is producing at full
Q26: Exhibit 2-2 Production possibilities frontier
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Q40: Which of the following is true about
Q96: Along a production possibilities curve showing capital
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