Some of our farm fields are being left unused. Does this have any implications for the economy's PPF diagram (with agricultural products on one axis and all other products on the other axis)?

A) No implications, because the PPF deals only with resources in use.
B) The PPF cannot be drawn if some resources are idle.
C) With unemployed resources, we are at a point below the PPF.
D) The PPF would be upward sloping.


C

Economics

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Which of the following statements best represents a difference between short-run and long-run cost?

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Economics