A Society That Is Producing Its Maximum Combination of Goods

question 100

Multiple Choice

A society that is producing its maximum combination of goods and using all available resources for production

• A) has minimized its opportunity cost.
• B) has maximized its opportunity cost.
• C) is operating on its production possibilities frontier (PPF).
• D) is operating outside its PPF.
• E) has eliminated scarcity.

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Definitions:

Gestures

Physical movements made with parts of the body, especially the hands and arms, that express ideas or feelings.

Convey

To communicate or make known a message, idea, or feeling.

Communication Channel

The medium through which information is transmitted from a sender to a receiver.

Digital Means

The use of digital tools, platforms, or technologies to achieve a particular end.