Moving Along the Production Possibilities Frontier Itself Illustrates

question 197

Multiple Choice

Moving along the production possibilities frontier itself illustrates

• A) the existence of tradeoffs.
• B) the existence of unemployment of some factors of production.
• C) the benefits of free lunches.
• D) how free lunches can be exploited through trade.
• E) how tradeoffs need not occur if the economy is efficient.

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Definitions:

Hiroshima

A Japanese city known for being the target of the first atomic bomb used in warfare, dropped by the United States on August 6, 1945, during World War II.

Soviet Union

A socialist state that existed from 1922 to 1991, composed of multiple subnational Soviet republics, and was one of the world's two superpowers during the Cold War, alongside the United States.

Caucasian Race-Equal Privileges

The concept that individuals identified as belonging to the Caucasian race should have the same rights and opportunities as those of other races.

Japanese-Americans

Americans of Japanese ancestry, many of whom were subject to internment during World War II.