Multiple Choice
Inefficient allocation of resources occurs when
A) no one can be made better off without having someone else give up something.
B) it is possible to make some people better off without making others worse off.
C) society is operating at a point high on the production possibilities frontier.
D) society is operating at a point low on the production possibilities frontier.
Correct Answer:
Verified
Correct Answer:
Verified
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Q202: The production possibilities frontier illustrates<br>A)the fundamental fact
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