The production possibilities curve:
A. indicates that any combination of goods lying out...
The production possibilities curve:
A. indicates that any combination of goods lying outside the curve is economically inefficient.
B. is a frontier between all combinations of two goods that can be produced and those combinations that cannot be produced.
C. shows all of those levels of production that are consistent with a stable price level.
D. shows all of those combinations of two goods that are most preferred by society.
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