Any point inside the curve of PPF implies_________
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(2) The opportunity cost of producing good X using technology A is lower than the opportunity cost of producing good X using technology B. If technology A is used, as more X is produced, _ , and if technology B is used A) we move along the PPF; the PPF shifts inward B) we move along the PPF; we move inside the PPF C) the PPF shifts outward; the PPF shifts inward D) we move outside the PPF; we move inside the PPF E) the PPF shifts outward; we move inside the PPF Andy 8 (24
a. a beyond its production possibilities frontier (PPF)
b. On its PPF
c. Inside (below) its PPF
d. At a productive efficient point
11. A nation produces at a point inside its PPF
a. when it trades with other nations.
b. when it produces inefficiently.
c. when its PPF is bowed out.
d. never.