When an Economy Is Not Using All of Its Resources,it

question 118

True/False

When an economy is not using all of its resources,it is producing at a point below its production possibilities frontier.

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Definitions:

Evaluate

To evaluate or ascertain the worth, importance, or state of something by conducting a thorough examination and analysis.

Evaluate

To calculate the value of an expression or determine the outcome of an equation based on given values or conditions.

Mixed Number

A number consisting of an integer and a proper fraction.

Decimal Equivalent

A representation of fractions or percentages as decimals.