Which of the Following Is True When an Economy Is

question 73

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.

---

Definitions:

Sketch Graph

The act of drawing a rough outline or diagram of a graph, typically to illustrate behavior or solutions.

Equation

A statement that asserts the equality of two expressions, typically including one or more variables.

Graphing Calculator

A handheld calculator that is capable of plotting graphs, solving simultaneous equations, and performing other tasks with variables.

Standard Viewing Window

The default range of values on the x-axis and y-axis that are displayed on a graphing calculator's screen or graphing software.