Compared to PPF1, along PPF2
A) the economy can produce more butter.
B) the economy can produce more guns
C) the opportunity cost of producing butter is more than before.
D) All of the choices are correct.
Correct Answer:
Verified
Q26: When one party's economic activities on another
Q27: Graph the problem of Question 35 above
Q28: When taxes or subsidies on a particular
Q29: Describe what happens automatically in markets to
Q32: Three main conditions are necessary for general
Q33: Sketch a typical consumption contract curve in
Q33: According to the General Equilibrium Model an
Q34: The diagram above shows the production possibilities
Q35: The diagram above shows the general equilibrium
Q36: If after the misallocation in Problem 35
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