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The 'Production Possibility Frontier Model' Assumes Which of the Following

Question 13

Multiple Choice
The 'production possibility frontier model' assumes which of the following?

The 'production possibility frontier model' assumes which of the following?


A) Labour, capital, land and natural resources are unlimited in quantity.
B) The economy produces only two products.
C) Any level of the two products that the economy produces is currently possible.
D) The level of technology is variable.

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