If Production Point Is Inside the Production Possibilities Frontier

question 268

Multiple Choice

If production point is inside the production possibilities frontier

• A) it is not possible to produce more of both goods.
• B) production is inefficient.
• C) in order to produce more of one good, less of the other must be produced.
• D) production is in the "unattainable" region.

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Definitions:

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A legal system based on precedents and judicial decisions rather than written statutes, predominantly found in the UK and former British colonies.

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