If an Economy Is Productively Inefficient,it Could Improve Its Situation

question 49

Multiple Choice

If an economy is productively inefficient,it could improve its situation by

• A)acquiring more resources.
• B)trading some of its resources.
• C)moving along its production possibilities boundary.
• D)moving onto its production possibilities boundary.
• E)moving beyond its production possibilities boundary.

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Definitions:

Goods And Services

Goods are tangible items that satisfy human wants and needs, while services are intangible activities or benefits that one party can offer to another.