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:

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