Author Question: A nation can produce at a point outside its PPF A) when it trades with other nations. B) when it ... (Read 485 times)

Metfan725 · **on:** Jun 29, 2018

A nation can produce at a point outside its PPF

A) when it trades with other nations.
B) when it produces inefficiently.
C) when its PPF is bowed out.
D) never.

Question 2

If a measure of real GDP could include the value of leisure time, measured real GDP would increase.

Indicate whether the statement is true or false