​The Figure Below Shows the Production Possibilities Frontier for Good

question 122

Multiple Choice

​The figure below shows the production possibilities frontier for Good A and Good B. In the figure below, if all the economy's resources are used efficiently to produce only good B, then the economy will be at point: ​
Figure 2.2
​

• A)g.
• B)b.
• C)h.
• D)i.
• E)e.

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Definitions:

Avoid

To keep oneself from doing something, or to prevent a particular outcome from happening.

Transaction

An instance of buying or selling something; a business deal or action.

Utmost Good Faith

A legal doctrine requiring parties in certain types of contracts, such as insurance, to act honestly and disclose all relevant information.