Multiple Choice
Statement I: In the modern global economy,if our steel industry were operating at full capacity we could easily get steel from other steel-producing countries.
Statement II: The only constraints on our production possibilities frontier are physical constraints such as the number of steel factories available,etc.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Correct Answer:

Verified
Correct Answer:
Verified
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