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3 years ago

Refer to Exhibit 2-2. If PPF2 is the relevant production possibilities frontier, then point __________ illustrates inefficiency.

Business

1 answer:

Natali [406]3 years ago

5 0

Answer: F

Explanation:

Production possibility frontier checks the alternative combination of products that is possible based on available resources and useful technology.

NOTE: Exhibit 2-2 is curved.

Although, in reality most PPF2 are curved, which means that there is an increase in opportunity costs due to the commensurate increase in the number of goods produced. And this is so in most cases.

Therefore, with reference to Exhibit 2-2, if PPF2 is the relevant Production Possibilities Frontier, then point F illustrates inefficiency.

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Read 2 more answers

A reason for government involvement in a market economy is:

larisa [96]

Answer:

d. All of these answers are correct.

Explanation:

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The government intervenes in a market economy for all the above stated reasons.

I hope my answer helps you.

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