Multiple Choice
A country's production possibilities boundary shows that
A) when a society combines its resources inefficiently,it cannot produce more of one good without producing less of the other good.
B) all points inside the boundary are preferred to all points on the boundary.
C) when a society combines its resources efficiently,it cannot produce more of one good without producing less of the other good.
D) when a society combines its resources efficiently,it is always possible to produce more of all goods.
E) the supply for goods always exceeds the demand.
Correct Answer:
Verified
Correct Answer:
Verified
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