A nation can produce at a point outside its PPF
A) when it trades with other nations.
B) when its PPF is bowed out.
C) when it produces inefficiently.
D) never.
Correct Answer:
Verified
Q178: When the production possibilities frontier is bowed
Q179: Q180: Increasing opportunity cost is due to Q181: Moving from one point on the production Q182: As we move along a bowed- out Q184: Marginal cost usually Q185: The bowed- outward shape of a PPF Q186: Marginal cost is the opportunity cost Q187: Abe can catch 10 pounds of fish Q188: Abe can catch 15 pounds of fish
A) ever
A) increases as more is
A)
A) of
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