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Figure 2-14 Consider the Production Possibilities Curve for a Country

Question 222

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Figure 2-14 Figure 2-14 Consider the production possibilities curve for a country that can produce sweaters,apples (in bushels) ,or a combination of the two -Refer to Figure 2-14.If this society is producing at point T, A) there is unemployment. B) production is efficient. C) growth can only be achieved through an advancement in technology. D) the opportunity cost of producing one more sweater is approximately 40 bushels of apples. Consider the production possibilities curve for a country that can produce sweaters,apples (in bushels) ,or a combination of the two
-Refer to Figure 2-14.If this society is producing at point T,


A) there is unemployment.
B) production is efficient.
C) growth can only be achieved through an advancement in technology.
D) the opportunity cost of producing one more sweater is approximately 40 bushels of apples.

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