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When all of the available factors of production are being efficiently used,
A. A society is producing below the PPF
B. A society is producing above the PPF
C. A society is producing on the PPF
D. The PPF goes away
E. There are no longer opportunity costs in production
The three primary systems for allocating resources are
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Howard Bowen is a large-scale cotton grower. The land as well as machinery he owns has a current market value of $4 million.
Mexico also which being free to pollute gives industries in Mexico an economic advantage over those in the U.S. also Canada.
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Stores that sell wedding dresses do not typically permit photos, and do not have tags in the dresses that would identify the manufacturer and style type. What is the purpose of these rules? Suggest one other way of accomplishing the same objective.
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