Friday, July 8, 2011

Which of the following cannot be determined from a nation's position relative to its production possibilities frontier?

ECONOMICS

Multiple Choice

Which of the following cannot be determined from a nation's position relative to its production possibilities frontier?

a.whether it is producing efficiently

b.whether it has unemployed resources

c.the opportunity cost of each good illustrated

d.the society's relative preferences regarding each good illustrated

e.the price of each good illustrated

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