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Issues in Economics Today 7th Edition by Robert Guell
Edition 7ISBN: 978-0078021817Issues in Economics Today 7th Edition by Robert Guell
Edition 7ISBN: 978-0078021817 Exercise 4
The underlying reason production possibilities frontiers are likely to be bowed out (rather than linear) is
A) choices have consequences.
B) there are always opportunity costs.
C) some resources and people can be better used producing one good rather than another.
D) there is always some level of unemployment.
A) choices have consequences.
B) there are always opportunity costs.
C) some resources and people can be better used producing one good rather than another.
D) there is always some level of unemployment.
Explanation
Verified
Verified
Hence, option (a)is wrong.
A production...
Issues in Economics Today 7th Edition by Robert Guell
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