From any point within the production possibilities frontier,
A) the only way to increase production of one good is to decrease production of the other.
B) it is possible to increase both people's utility.
C) it is possible to increase output of both goods.
D) any move will necessarily decrease production of some good.
C
Economics
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One of the key economic questions is "who consumes the products?"
Indicate whether the statement is true or false
Economics
Human beings
A) have unlimited wants. B) think they have unlimited wants, but really have limited needs. C) have limited wants, but unlimited needs. D) know what their needs are, but do not know what their wants are.
Economics