The economy moves from point A,where it produces 100X and 200Y,to point B,where it produces 200X and 150Y.It follows that
A) point A is a productive inefficient point.
B) point A may be a productive inefficient point.
C) point A may be a productive efficient point.
D) point B is a productive efficient point.
E) b and c
Correct Answer:
Verified
Q2: Both country 1 and country 2 are
Q7: Points outside (or beyond)the PPF are
A) attainable.
B)
Q20: Which of the following statements is true?
A)
Q21: If increasingly more units of good Y
Q23: Consider two points on the PPF: point
Q30: Consider two points on the PPF: point
Q32: Consider the following combinations of guns and
Q33: The point where the PPF intersects the
Q36: Consider two straight-line PPFs.They have the same
Q40: A PPF can
A) shift outward but not
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