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101) Efficiency is defined as

A) the maximum consumption of goods.

B) the production of goods and services.

C) production of output at minimum cost.

D) arriving at one's destination quickly.

102) For a country that produces two goods: Environmental clean-up goods and space program goods. What economic information is contained in its production possibility curve?

 

103) What causes the production possibility curve to be bowed out?

 

 

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