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The Production Possibilities Frontier Model Assumes Which of the Following

Question 8

Multiple Choice
The production possibilities frontier model assumes which of the following? A)Labor, capital, land, and natural resources are unlimited in quantity. B)The economy produces only two products. C)Production of any level of the two products that the economy produces is currently possible. D)The level of technology is variable.

The production possibilities frontier model assumes which of the following?


A) Labor, capital, land, and natural resources are unlimited in quantity.
B) The economy produces only two products.
C) Production of any level of the two products that the economy produces is currently possible.
D) The level of technology is variable.

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