In autarky, when a community maximizes its standard of living, its consumption point is
A. below the production possibility frontier.
B. on the production possibility frontier.
C. above the production possibility frontier.
D. can't tell without more information.
Answer:B
In autarky, when a community maximizes its standard of living, its consumption point is
A. below the production possibility frontier. B. on the production possibility frontier. C. above the production possibility frontier. D. can't tell without more information.