The underlying reason that there are unattainable points on a production possibilities frontier diagram is that there
A) is government.
B) are always choices that have to be made.
C) is a scarcity of resources within a fixed level of technology.
D) is unemployment of resources.
Correct Answer:
Verified
Q3: The underlying reason production possibilities frontiers are
Q4: Points outside the Production Possibilities Frontier are
A)attainable.
B)unattainable.
C)associated
Q5: The optimization assumption suggests that people make
A)irrational
Q6: The one word in the definition of
Q7: Scarcity implies that the allocation scheme chosen
Q9: A resource
A)must come from the earth.
B)only includes
Q10: Something is scarce as long as
A)there is
Q11: Points on the Production Possibilities Frontier are
A)attainable.
B)unattainable.
C)associated
Q12: If the production possibilities frontier is not
Q13: The one word in the definition of
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