Use the Figures Below to Answer the Following Questions

question 163

Multiple Choice

use the figures below to answer the following questions "
-Which allocation point in the short-run production possibilities frontier (PPF) will lead to no growth in the long-run PPF?

• A) point A
• B) point B
• C) point C
• D) point D
• E) point E

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Definitions:

Division of Output

The allocation of the total quantity of goods or services produced among various consumers or markets.

Central Planning

An economic system where the government makes all decisions on the production and distribution of goods and services.

Freedom of Enterprise

the ability of individuals to start and manage their own businesses without undue restriction or interference.

Entrepreneurs

Individuals who start, organize, manage, and assume the risk for a business or enterprise, often introducing new products or services to the market.