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In deciding where to operate along its production possibilities frontier, a society is answering the question of

a. which goods and services should be produced with its scarce resources

b. what production methods should be used to produce goods and services

c. how will output be allocated among the individuals in the society

d. what prices will be charged for goods and services

e. how much will it trade with other societies in the world

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91271943

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