Following Is the Production Possibilities Schedule for an Economy Producing

question 74

Multiple Choice

Following is the production possibilities schedule for an economy producing two goods, Good A and Good B.Table 2.1

-A point outside the production possibilities curve [PPC]:

• A)represents inefficient use of resources.
• B)represents the prevalence of unemployment.
• C)is attainable if all resources are used efficiently.
• D)represents more resources than are currently available.
• E)will never be attainable, even if the quantity of resources increases.

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