Points inside the Production Possibilities Frontier are
A) attainable.
B) unattainable.
C) associated with some unemployment.
D) both attainable and unattainable.
Correct Answer:
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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
Q15: Economists focus on "unlimited human wants" rather
Q16: Economics is the study of
A)how much people
Q17: Production possibilities frontier models
A)the choices we make
Q18: A simplifying assumption is typically made so
Q19: The fact that we cannot operate at
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