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If an Economy Is Operating at a Point Inside the Production

Question 136

Multiple Choice

If an economy is operating at a point inside the production possibilities frontier,then:


A) some of the nation's resources are unemployed.
B) the production decisions are made by the government.
C) unlimited resources must satisfy scarce desires.
D) using the existing resources efficiently will shift the production possibilities frontier outward.
E) society is paying too much for wages.

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