Common property
A) is owned by everyone.
B) is owned by no one.
C) Neither A nor B are correct.
D) Both A and B are correct.
D
Economics
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The production possibilities curve represents the fact that:
A) the economy will automatically end up at full employment. B) an economy's productive capacity increases proportionally with its population. C) if all resources of an economy are being used efficiently, more of one good can be produced only if less of another good is produced. D) economic production possibilities have no limit.
Economics
The social problem of resource allocation requires society to decide
a. all of the following b. both d and e c. how output should be produced d. what goods and services should be produced e. who gets what society produces
Economics