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Figure 1.2 -The Production Possibilities Curve Illustrates

Question 87

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Figure 1.2 -The production possibilities curve illustrates

Figure 1.2
Figure 1.2 -The production possibilities curve illustrates A) the tradeoffs facing a society. B) that more of one product can be produced only by reducing the quantity of other products that are being produced, assuming that resources are being used efficiently. C) the maximum output that can be produced with a limited amount of resources. D) the opportunity cost of alternative choices. E) all of these.
-The production possibilities curve illustrates


A) the tradeoffs facing a society.
B) that more of one product can be produced only by reducing the quantity of other products that are being produced, assuming that resources are being used efficiently.
C) the maximum output that can be produced with a limited amount of resources.
D) the opportunity cost of alternative choices.
E) all of these.

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