When a Firm or Economy Is Operating Efficiently, It Is

question 88

Multiple Choice

When a firm or economy is operating efficiently, it is operating

• A)outside its production possibilities frontier.
• B)inside its production possibilities frontier.
• C)on its production possibilities frontier.
• D)at the intersection of the production possibilities frontier and the vertical axis.
• E)at the intersection of the production possibilities frontier and the horizontal axis.

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Definitions:

Friction

The resistance that one surface or object encounters when moving over another.

Dermis

The dermis is the thick layer of skin beneath the epidermis, containing nerve endings, sweat glands, hair follicles, and blood vessels, contributing to skin's flexibility and strength.

Melanocytes

Cells in the skin and hair follicles responsible for the production and distribution of melanin, giving skin and hair their color.

Light-Skinned

A term describing a human skin type that has a lighter pigmentation, often due to genetics and geographical ancestry.