Economics

B) if the United States is producing at a point inside its production p C) if the United States is producing at a point beyond its production D) only if the production possibilities frontier shifts rightward. 13) A tradeoff is A) represented by a point inside a PPF. B) represented by a point outside a PPF. C) a constraint that requires giving up one thing to get another. D) a transaction at a price either above or below the equilibrium price 14) Opportunity cost is best defined as A) the amount of money that an individual is willing to pay to purcha