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Questions and Answers
A point inside the PPF represents inefficient use of resources.
A point inside the PPF represents inefficient use of resources.
True (A)
The opportunity cost of one airplane, in terms of soybeans, is constant regardless of how many airplanes are produced.
The opportunity cost of one airplane, in terms of soybeans, is constant regardless of how many airplanes are produced.
False (B)
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