Which of the Following Statements Is Correct

question 120

Multiple Choice

Which of the following statements is correct?

• A) If capital is idle, the economy is producing at its full potential.
• B) The production possibilities frontier shows that there are no limits to production.
• C) A tradeoff is a limit that forces an exchange or a substitution of one thing for something else.
• D) Any point on or within the PPF is production efficient.
• E) None of the above answers is correct.

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Definitions:

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration.

Lat

Likely shorthand for "Latissimus dorsi," a large muscle on the back that is responsible for various movements of the shoulder.

A&P

Anatomy and Physiology, the study of the structure of living organisms and how their parts function.

Anatomy

The scientific study of the structure of organisms and their parts.