A free lunch (the absence of a tradeoff) when the production of a good is increased is possible for the entire economy only if
A) prices are increased.
B) there is a movement along the PPF.
C) prices are decreased.
D) resources are used inefficiently.
E) less of some product is produced.
Correct Answer:
Verified
Q32: When production efficiency does NOT occur, i.
Q37: Q39: Q40: Production efficiency occurs Q41: The production possibilities frontier is a boundary Q43: As we move along the production possibilities Q44: The saying "There's no such thing as Q45: The production possibilities frontier illustrates which of Q46: Points on the PPF are all Q47: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)anywhere inside or on the
A)free lunches.
B)attainable
