Multiple Choice
Both country 1 and country 2 are located on their respective production possibilities frontiers (PPFs) ,but country 1 produces twice the output that country 2 produces.It follows that
A) country 1's PPF lies further to the right than country 2's PPF.
B) country 1 has a smaller population than country 2.
C) country 1 has a bigger population than country 2.
D) country 1 is efficient and country 2 is inefficient.
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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