If Production in the Economy Is Efficient, Then Changes in Market

question 48

Multiple Choice

If production in the economy is efficient, then changes in market prices

• A) Move us along the perimeter of the production possibilities curve.
• B) Move us to a point above the production possibilities curve.
• C) Move us from a point below the production possibilities curve to a point on the production possibilities curve.
• D) Have no effect on our position on the production possibilities curve.

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Definitions:

Hierarchical Organization

An organizational structure where entities are ranked one above the other according to authority or status.

Communication Tends

The manner or direction in which communication practices or preferences evolve or lean towards.

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