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Suppose a Country Operates on Its Production Possibility Frontier When

Question 35

Multiple Choice

Suppose a country operates on its production possibility frontier when it produces 1000 books and 1000 tables. The combination of -------------------- reflects --------------------


A) 500 books and 500 tables; an attainable and efficient point.
B) 1000 books and 1500 tables; a free lunch.
C) 1000 books and 500 tables; an efficient point.
D) 500 books and 1000 tables; an inefficient but attainable point.
E) 1000 books and 1000 tables; a free lunch.

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