Which of the following statements is true? Question 20 options: The economy can operate outside (or beyond) its institutional PPF and its physical PPF, but only for a short while. The economy can operate outside its physical PPF, if only for a short while, but can never operate outside its institutional PPF. The economy can operate outside its institutional PPF, if only for a short while, but can never operate outside its physical PPF. The economy can never operate outside its institutional PPF or its physical PPF, even for a short while. none of the above

As a result of a labeling mistake at the chemical factory, a farmer accidentally sprays weedkiller rather than fertilizer on half her land. as a result, she loses half of her productive farmland. if the property of diminishing returns applies to all factors of production, she should expect to seea. a decrease in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. b. an increase in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. c. an increase in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor. d. a decrease in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor.