Which of the following is the most accurate statement about production possibilities?
a. an...
Business, 09.09.2019 18:10 jlozaaaaaa408
Which of the following is the most accurate statement about production possibilities?
a. an economy can produce only on the production possibilities frontier.
b. an economy can produce at any point inside the production possibilities frontier, but not on or outside the frontier.
c. an economy can produce at any point on or inside the production possibilities frontier, but not outside the frontier.
d. an economy can produce at any point inside or outside a production possibilities frontier.
Answers: 1
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Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.
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Oimpermeable peaeiremblm: a garment you put on when it's raining. eddepnieent: a sales person. rrgteeaa: to negotiate the price of an article. jcaa: a box where the sales person keeps the money of his/her sales. rbatoa: something inexpensive. zalu: the color of the sky. gfolasdaes (3 words): an object that protects your eyes from the sun.
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