Multiple Choice
Where can an economy not produce?
A) inside its production possibilities frontier
B) on its production possibilities frontier
C) outside its production possibilities frontier
D) at the endpoints of its production possibilities frontier
Correct Answer:

Verified
Correct Answer:
Verified
Q1: In conducting their research,economists often substitute historical
Q2: Figure 2-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-2
Q3: The circular-flow diagram is an example of<br>A)a
Q5: Figure 2-11 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-11
Q6: Figure 2-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-5
Q7: Figure 2-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-6
Q8: Economists make assumptions to<br>A)mimic the methodologies employed
Q9: Any point on a country's production possibilities
Q10: In the simple circular-flow diagram,who buys the
Q11: Which types of models are built with