A production possibilities curve with quantities of clothing and food on the axes shows which of the following?I.A society cannot have an unlimited amount of each good.II.For an efficient society, an increase in clothing production will necessitate a decrease in food production.III.A society will always produce the maximum amount of both clothing and food.

A. I only
B. II only
C. III only
D. Both I and II


Answer: D

Economics

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