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If an Economy Is Operating on Its Production Possibility Frontier,which

Question 137

Multiple Choice

If an economy is operating on its production possibility frontier,which of the following statements is true?


A) Products are produced using inefficient production technology.
B) The capacity utilization rate is less than full production.
C) The economy's labor force is fully employed.
D) A fall in the price of an input will enable the economy to produce outside the production possibility frontier.

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