Author Question: The production possibilities frontier represents the boundary between attainable and unattainable ... (Read 40 times)

K@ · **on:** Jul 1, 2018

The production possibilities frontier represents the boundary between attainable and unattainable prices of commodities.
a. True
b. False

Question 2

If all resources are used efficiently to produce goods and services, a nation will find itself producing
a. inside its production possibilities frontier
b. somewhere on its production possibilities frontier
c. outside of its production possibilities frontier
d. at one extreme end of its production possibilities frontier
e. more of one product with no decrease in the production of any other product