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    Exploring Microeconomics
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    Exam 2: Scarcity, Trade-Offs, and Production Possibilities
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    When Resources Are Used Efficiently, What Is the Only Way
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When Resources Are Used Efficiently, What Is the Only Way

Question 66

Question 66

Multiple Choice

When resources are used efficiently, what is the only way you can produce more of one good, ceteris paribus?


A) by charging a lower price for the good
B) by producing less of another good
C) by charging a higher price for the good
D) by printing more money so you can buy more goods

Correct Answer:

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