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-Refer to the Figure Above

Question 2

Multiple Choice

-Refer to the figure above.Which of the following is true? A) Demand plays no role in price setting in this model. B) Given autarky prices, GDP is maximized by producing at point E. C) So long as the country is on its production possibility frontier, GDP is maximized. D) Both A and C are true.
-Refer to the figure above.Which of the following is true?


A) Demand plays no role in price setting in this model.
B) Given autarky prices, GDP is maximized by producing at point E.
C) So long as the country is on its production possibility frontier, GDP is maximized.
D) Both A and C are true.

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