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The idea that tradeoffs have to be made when resources are scarce is reflected in the fact that: Select one: a. points below the production
The idea that tradeoffs have to be made when resources are scarce is reflected in the fact that:
Select one:
a. points below the production possibilities curve are efficient.
b. points below the production possibilities curve are inefficient.
c. the production possibilities curve has a negative slope.
d. the slope of a linear production possibilities is constant.
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