Multiple Choice
Suppose the economy goes from a point on its production possibilities frontier (PPF) to a point directly to the left of it.Assuming that the PPF has not shifted,this could be due to
A) a gain of resources.
B) a loss of resources.
C) technological improvement in the production of both goods.
D) a new law that interferes with productive efficiency.
Correct Answer:
Verified
Correct Answer:
Verified
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