Figure 1.2 
-A combination of two goods which lies beyond the production possibilities curve indicates:
A) underutilization of resources.
B) overutilization of resources.
C) constant opportunity costs.
D) a combination that cannot be produced with existing resources.
E) society's most preferred combination of two goods.
Correct Answer:
Verified
Q41: Figure 1.2 Q42: Labor resources include: Q43: Which of the following is true of Q44: Stocks and bonds are examples of: Q45: What accounts for specialization? Q47: Oil found underground in Texas is an Q48: A person has a comparative advantage in Q49: Opportunity cost: Q50: An economy's resources: Q51: Every society must deal with the problem![]()
A)skilled workers but not unskilled
A)natural resources.
B)financial
A)People specialize in the
A)applies only to consumption decisions.
B)applies only
A)are limited in quantity.
B)are always
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