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The Production Possibilities Curve Is

Question 24

Multiple Choice

The production possibilities curve is


A) the boundary that divides all production combinations into efficient ones and inefficient ones.
B) a graph illustrating the production combinations society would like to choose.
C) the boundary that divides all production combinations into attainable ones and unattainable ones.
D) a convex (bowed into the origin) curve illustrating production trade-offs.
E) the boundary that divides all production combinations into good ones and bad ones.

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