If points A and B are two locations on a country's production possibility frontier, then
A) the country could produce either of the two bundles.
B) consumers are indifferent between the two bundles.
C) producers are indifferent between the two bundles.
D) at any point in time, the country could produce both.
E) both bundles must have the same relative cost.
A
Economics
You might also like to view...
The gains from free trade are enjoyed by a ________ number of people and the costs of free trade are imposed by ________ number of people
A) small; large B) large; small C) small; small D) large; large
Economics
What did NOT cause the 2008-2009 recession?
A. Decrease in AD B. Housing bubble burst C. Large banks and corporations shut down D. Improper fiscal policy E. Stock market and wealth decrease
Economics