Combinations of goods on the production possibilities, Business Economics

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Combinations of goods on the production possibilities

Combinations of goods on the production possibilities frontier

a. are unattainable without additional resources

b. can be produced using currently available resources and technology

c. reflect minimum normative value allocations

d. will meet society's needs but not its wants

e. are attainable only through international trade

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Business Economics: Combinations of goods on the production possibilities

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Business Economics: Combinations of goods on the production possibilities

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