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Figure: Strawberries and Submarines
-(Figure: Strawberries and Submarines) Look at the figure Strawberries and Submarines. Suppose the economy now operates at point C. Moving to point E would require that the economy:
A) achieve full employment and an efficient allocation of resources.
B) eliminate its production of strawberries.
C) reduce its production of submarines.
D) improve its technology or increase its quantities of factors of production.
Correct Answer:
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Q22: The fact that a society's production possibility
Q24: The economy's factors of production are not
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Q29: If an economy is producing a level
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Figure: Strawberries
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Figure:
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