When an Economy Is Operating Inside Its Production Possibilities Frontier

question 33

Multiple Choice

When an economy is operating inside its production possibilities frontier, what do we know?

• A) There are unused resources or inefficiencies in the economy.
• B) The economy is operating with efficiency.
• C) Moving to a point on its production possibilities frontier would illustrate economic growth.
• D) To produce more of one good, the economy would have to give up some of the other good.

---

Definitions:

African Origins

Refers to the beginning or origin of humans and cultures on the African continent.

Alternative Options

Other choices or courses of action available to someone in a given situation, aside from the main or initially considered path.

Mobility

The ability to move or be moved freely and easily, often discussed in terms of social mobility (changes in social status) and geographic or physical mobility.

Athletic Ability

Refers to the physical skills and capabilities that enable individuals to perform well in sports and physical activities.