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-Refer to Exhibit 2-3

Question 116

Multiple Choice

-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) none of the above
-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) none of the above

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