Author Question: All points on the production possibilities curve represent efficient levels of production. a. True ... (Read 119 times)

segrsyd · **on:** Jun 30, 2018

All points on the production possibilities curve represent efficient levels of production.
a. True
b. False
Indicate whether the statement is true or false

Question 2

On the production possibilities curve, a movement between points that yields a loss of one good in order to raise the output of another good will maintain efficient production.
a. True
b. False
Indicate whether the statement is true or false