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    Macroeconomics Study Set 20
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    Exam 2: Production Possibilities Frontier Framework
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    -Refer to Exhibit 2-1.The PPF Illustrates
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-Refer to Exhibit 2-1.The PPF Illustrates

Question 52

Question 52

Multiple Choice

  -Refer to Exhibit 2-1.The PPF illustrates A)  constant opportunity costs between guns and butter. B)  that guns are more important than butter. C)  increasing opportunity costs between guns and butter. D)  the opportunity cost of one unit of guns is four units of butter. E)  none of the above
-Refer to Exhibit 2-1.The PPF illustrates


A) constant opportunity costs between guns and butter.
B) that guns are more important than butter.
C) increasing opportunity costs between guns and butter.
D) the opportunity cost of one unit of guns is four units of butter.
E) none of the above

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