Which of the Following Is True When an Economy Is

question 98

Multiple Choice

Which of the following is true when an economy is producing efficiently?

• A)The economy is producing on the production possibilities curve.
• B)The economy is producing outside the production possibilities curve.
• C)The economy is getting the fewest goods and services from the available resources.
• D)Everyone in the economy is happy.

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Definitions:

Automatic

Automatic processes are cognitive functions that occur with little to no conscious awareness or effort, often enabling routine tasks or responses.

Procedural

Procedural pertains to the methods or processes involved in accomplishing tasks or activities, often relating to established or formal procedures.

Cursive

A style of handwriting where the letters are connected in a flowing manner, intended for faster writing.

Automatic Processing

Cognitive functions that are performed without conscious awareness or effort, often as a result of learning and practice.