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Figure 51 the Figure Shows a Linear Production Possibility Curve Representing

Question 67

Multiple Choice

Figure 5.1. The figure shows a linear production possibility curve representing a tradeoff faced by a country, between necessities and luxuries​. Figure 5.1. The figure shows a linear production possibility curve representing a tradeoff faced by a country, between necessities and luxuries​.   -A good or service is said to be scarce when: A) its price is too low. B) it is offered only to high income earners. C) no one wishes to purchase it. D) it cannot be transported easily. E) at a price of zero, there is not enough to satisfy everyone's desire for it.
-A good or service is said to be scarce when:


A) its price is too low.
B) it is offered only to high income earners.
C) no one wishes to purchase it.
D) it cannot be transported easily.
E) at a price of zero, there is not enough to satisfy everyone's desire for it.

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