Figure 11-2 ​

question 105

Multiple Choice

Figure 11-2
​
-An efficient allocation of resources exists if

• A)one group of people can get more of the things they want without someone else having to give up anything.
• B)no one can get more of the things he or she wants without someone else having to give up something.
• C)the economy operates at any point under the production possibilities frontier.
• D)the economy is operating at any point above the production possibilities frontier.

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Definitions:

Herbivore

An animal that feeds primarily on plants.

Plants

Multicellular organisms in the kingdom Plantae that photosynthesize, using sunlight to convert carbon dioxide and water into glucose and oxygen.

Consumer

An individual or group that purchases goods and services for personal use, playing a critical role in the economy by driving demand and influencing production.