Production Is Efficient If the Economy Is Producing at a Point

question 235

Multiple Choice

Production is efficient if the economy is producing at a point

• A)on the production possibilities frontier.
• B)outside the production possibilities frontier.
• C)on or inside the production possibilities frontier.
• D)inside the production possibilities frontier.

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Definitions:

Gymnosperms

A collection of plants that produce seeds, such as conifers, cycads, Ginkgo, and gnetophytes, distinguished by their seeds being exposed, not contained within an ovary.

Angiosperms

The largest group of land plants characterized by flowers and fruit, which enclose the seeds.

Pollinators

Animals or insects that transfer pollen from one flower to another, facilitating plant fertilization.

Bryophytes

Term used to identify plants that do not have vascular tissue. Includes the liverworts, hornworts, and mosses.