A typical concave (bowed out from the origin) production possibilities curve implies:
A. that economic resources are unlimited.
B. that society must choose among various attainable combinations of goods.
C. decreasing opportunity costs.
D. that society is using a market system to allocate resources.
Answer: B
Economics
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Crowding out is the idea that an increase in government spending may cause a reduction in private sector spending.
Answer the following statement true (T) or false (F)
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