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) less of some product is produced.
B) prices are decreased.
C) prices are increased.
D) resources are used inefficiently.
E) there is a movement along the PPF.
Correct Answer:
Verified
Q45: The production possibilities frontier is a graph
Q46: A reason the production possibilities frontier exists
Q47: During a time of high unemployment,a country
Q48: When a nation is producing on its
Q49: Points on the PPF are all
A) unattainable
Q51: Points inside the PPF are all
A) unattainable
Q52: The negative slope of the production possibilities
Q53: Which of the following statements is correct?
A)
Q54: A movement from one point on a
Q55: As we move along the production possibilities
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