Any Point Inside the Production Possibilities Curve Indicates

question 295

Multiple Choice

Any point inside the production possibilities curve indicates

• A) the presence of technological change.
• B) that resources are imperfectly substitutable among alternative uses.
• C) the presence of inflationary pressures.
• D) that more output could be produced with the available resources.

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Definitions:

Exchange

The act of giving up one thing (money,credit, labor, goods) in return for something else (goods, services, or ideas).