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Karlo Simunovic
on Oct 26, 2024

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(Figure: Strawberries and Submarines II) Use Figure: Strawberries and Submarines II.Point F is:

A) unattainable,all other things unchanged.
B) attainable if the quantity and/or quality of factors decreases.
C) attainable if the economy is able to reach full employment.
D) feasible but not efficient.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs.

Unattainable

Refers to goals, objects, or conditions that cannot be achieved or reached, often due to existing limitations.

Full Employment

A situation in an economy in which all who are willing and able to work at prevailing wage rates are employed.

  • Perceive the role of technological progress and resource provision in shaping economic production.
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Giovanni ReynelOct 30, 2024
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