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Which of the Following Best Describes a Production Possibilities Curve

Question 3

Multiple Choice

Which of the following best describes a production possibilities curve?


A) How much of one good an economy can produce if they forgo production of another good
B) The rate at which an economy can trade production of one good for another
C) The total amount of goods an economy can produce
D) A relationship showing the maximum production of one good for a given level of production of another good

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