-Refer to Exhibit 2-1.The PPF illustrates
A) constant opportunity costs between guns and butter.
B) that guns are more important than butter.
C) increasing opportunity costs between guns and butter.
D) the opportunity cost of one unit of guns is four units of butter.
E) none of the above
Correct Answer:
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Q46: Q47: A PPF is more likely to be Q48: In the production possibilities framework,economic growth is Q49: Q50: Suppose the economy goes from a point Q52: Economic growth causes the PPF to Q53: Productive inefficiency implies that Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) shift
A) it is possible