What is TRUE of all output combinations represented by points on the production possibilities curve?
A) They all represent an efficient use of resources.
B) They all represent an equal distribution of income.
C) They all represent politically popular outcomes.
D) They all represent outcomes in which scarcity has been eliminated.
Correct Answer:
Verified
Q35: Q36: Points beyond the production possibilities curve Q37: The president of the United States promises Q38: What would cause the production possibilities curve Q39: An economy that moves from a point Q41: What is TRUE of all output combinations Q42: If you can make $20,000 a year Q43: If you can earn $10 an hour Q44: The goal of economic theory is to Q45: Economists assume that people are motivated
A) correspond
A)
A) by
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