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Exhibit 2-3 Refer to Exhibit 2-3. If PPF1 Is the Relevant Production

Question 65

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Exhibit 2-3 Exhibit 2-3 Refer to Exhibit 2-3. If PPF<sub>1</sub> is the relevant production possibilities frontier, society can only choose to produce at a point that lies A) below PPF<sub>1</sub>. B) below or on PPF<sub>1</sub>. C) on PPF<sub>2</sub>. D) above (beyond) PPF<sub>2</sub>.
Refer to Exhibit 2-3. If PPF1 is the relevant production possibilities frontier, society can only choose to produce at a point that lies


A) below PPF1.
B) below or on PPF1.
C) on PPF2.
D) above (beyond) PPF2.

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