Use the following to answer question:
-(Figure: Strawberries and Submarines) Use Figure: Strawberries and Submarines.Suppose the economy now operates at point C.Moving to point E would require that the economy:
A) achieve full employment and an efficient allocation of resources.
B) eliminate its production of strawberries.
C) reduce its production of submarines.
D) improve its technology or increase its quantities of factors of production.
Correct Answer:
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Q32: Use the following to answer question:
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Q34: If an economy has to sacrifice only
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Q41: All points on the production possibility frontier
Q42: The opportunity cost of production:
A)is the price
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