When Costa Rica's resources are not fully employed, then relative to its production possibilities curve, the point representing its production position is located
a. somewhere outside (exterior to) the curve
b. somewhere along the curve because it still has choice among those production possibilities combinations
c. somewhere inside (interior to) the curve
d. on a new production possibilities curve that is closer to the origin
e. on a new production possibilities curve that is further from the origin
C
Economics
You might also like to view...
Attempts by special-interest groups to gain favorable treatment from government are called
a. utility maximizing b. profit seeking c. rent seeking d. profit maximizing e. rent minimizing
Economics
A tax on sellers increases the quantity of the good sold in the market
a. True b. False Indicate whether the statement is true or false
Economics