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(Figure: Guns and Butter) Look at the Figure Guns and Butter.Suppose

question 167

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(Figure: Guns and Butter) Look at the figure Guns and Butter.Suppose the economy produced 8 guns and 12 pounds of butter per period. A.This is a possible choice but is inefficient. B.The notion of increasing opportunity cost is invalidated. C.The economy is still efficient but has made a decision not to buy as much as it could. D.Something must be done to reduce the amount of employment. (Figure: Guns and Butter) Look at the figure Guns and Butter.Suppose the economy produced 8 guns and 12 pounds of butter per period. A.This is a possible choice but is inefficient. B.The notion of increasing opportunity cost is invalidated. C.The economy is still efficient but has made a decision not to buy as much as it could. D.Something must be done to reduce the amount of employment. (Figure: Guns and Butter) Look at the figure Guns and Butter.Suppose the economy produced
8 guns and 12 pounds of butter per period.
A.This is a possible choice but is inefficient.
B.The notion of increasing opportunity cost is invalidated.
C.The economy is still efficient but has made a decision not to buy as much as it could.
D.Something must be done to reduce the amount of employment.

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