The Slope of a Typical Production Possibilities Frontier Reflects the Fact

question 164

Multiple Choice

The slope of a typical production possibilities frontier reflects the fact that

• A)some systems of market organization are more efficient than others.
• B)the invisible hand always functions smoothly in a market system without government intervention.
• C)when resources are allocated efficiently, it's impossible to produce more of anything without producing less of something else.
• D)production is only possible when resources are allocated efficiently.

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