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Whenever the Economy Operates Below the Production Possibility Frontier in a General

Question 4

Multiple Choice

Whenever the economy operates below the production possibility frontier in a general equilibrium with production:


A) the MRS are for the produced goods are not equal.
B) the allocation in the production Edgeword box is Pareto efficient.
C) the allocation in the production Edgeworth box is off the contract curve.
D) the fairness is an issue in this economy.

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