Multiple Choice
Suppose a country operates on its production possibility frontier when it produces 1,000 books and 1,000 tables.The combination of ________ reflects ________.
A) 1,000 books and 1,000 tables;a free lunch.
B) 500 books and 500 tables;an attainable and efficient point.
C) 500 books and 1,000 tables;an inefficient but attainable point.
D) 1,000 books and 500 tables;an efficient point.
E) 1,000 books and 1,500 tables;a free lunch.
Correct Answer:
Verified
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