Multiple Choice
Whenever the economy is producing the maximum amount of goods given the level of technology and the amount of resources
A) the number of resources used should be decreased since society must protect its scarce resources.
B) the concept of opportunity costs does not exist.
C) more goods will be available than customers want to buy.
D) the economy is producing efficiently.
Correct Answer:

Verified
Correct Answer:
Verified
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Q185: Refer to the above figure. Which one
Q186: The concept of opportunity cost exists because<br>A)
Q187: When Adam Smith's ten pin workers specialized,
Q188: Which is the best example of an
Q190: Division of labor increases the output of
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Q192: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Which of the
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Q194: Briefly explain the difference between the concepts