Multiple Choice
A production possibilities frontier shows
A) that if price of one good decreases, the price of the other has to increase.
B) how money can be allocated among two kinds of goods.
C) the limits to future growth of a nation.
D) that it is impossible to produce inefficiently.
E) the various combinations of output a nation can produce at a certain time, given its available resources and technology.
Correct Answer:
Verified
Correct Answer:
Verified
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