Exhibit 2-3

question 154

Multiple Choice

Exhibit 2-3
-Point g in Exhibit 2-3 is efficient because

• A)the only way to increase production of A is by decreasing production of B
• B)the economy can increase production of both A and B from point b
• C)it is impossible to move to any other point along the production possibilities frontier
• D)it is impossible to move to any other point inside the production possibilities frontier
• E)no other production possibilities frontier exists

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Definitions:

Accurate

The quality of being correct or precise.

Principle Of Randomness

The concept that outcomes or events cannot be predicted with certainty due to the random nature of certain processes, often used in scientific research and statistical analysis.

Polling

The process of conducting surveys to collect public opinion or predict the outcome of an election.

Fourteenth Amendment

An amendment to the U.S. Constitution that grants citizenship to all persons born or naturalized in the United States, including former slaves, and guarantees all citizens "equal protection of the laws."