
Points on the production possibilities frontier have the property that they
A) are inherently unattainable.
B) show the maximum amount of leisure that can be consumed for given amounts of goods consumed.
C) show the maximum amount of goods that can be consumed for given amounts of government spending.
D) show the maximum amount of leisure that can be consumed for given amounts of hours worked.
Correct Answer:
Verified
Q31: A competitive equilibrium
A) is always economically efficient.
B)
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Q37: Under a Pareto Optimum
A) it is always
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