Multiple Choice
Suppose a country operates on its production possibility frontier when it produces 1,000 books and 1,000 tables. The combination of ________ reflects ________.
A) 500 books and 500 tables; an attainable and efficient point.
B) 1,000 books and 1,000 tables; a free lunch.
C) 1,000 books and 1,500 tables; a free lunch.
D) 1,000 books and 500 tables; an efficient point.
E) 500 books and 1,000 tables; an inefficient but attainable point.
Correct Answer:
Verified
Correct Answer:
Verified
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