The figure below shows the production possibilities frontier for Good A and Good B. In the figure below, if resources are used fully and efficiently, then the economy can produce at point(s) :
Figure 2.2
A) f.
B) a or b.
C) c.
D) d or e.
E) g, h, or i.
Correct Answer:
Verified
Q49: The specialization of labor:
A)increases productivity without creating
Q51: The division of labor increases productivity because:
A)tasks
Q68: Points inside the production possibilities frontier represent:
A)full
Q82: As resources are not perfectly adaptable to
Q101: The figure below shows the production possibilities
Q103: The following figure shows the production possibilities
Q105: The following figure shows the production possibilities
Q106: The figure given below shows the production
Q122: Points outside the production possibilities frontier represent
A)unemployment
Q132: A production possibilities frontier will be bowed
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