At point A on the production possibilities curve in the above illustration,
Unemployment and production inefficiency would best be represented in the graph by
The choice of point B over point A as the optimal product mix for society would be
Economic growth could be represented by
If the production possibilities curve below moves from position A to position B, then
The choice of alternative B compared with alternative D would tend to promote
If the economy is producing at production alternative D the opportunity cost of 40 more
units of consumer goods is about
In the table, the law of increasing opportunity costs is suggested by the fact that
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