Use the Following to Answer Question(s): Production Possibilities Curve

question 49

Multiple Choice

Use the following to answer question(s) : Production Possibilities Curve

-(Exhibit: Production Possibilities Curve) Which of the following statements is true?

• A) Operation at Point E is possible, given the current factors of production.
• B) At point D, there must be efficiency and full employment since it is not necessary to use so many resources.
• C) Every point on the production possibilities curve is a full employment and efficient point of production.
• D) Point B is more efficient than either point A or point C.

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Definitions:

Instructions

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