If an Economy Is Operating at a Point Inside the Production

question 60

Multiple Choice

If an economy is operating at a point inside the production possibilities curve,

• A) its resources are not being used efficiently.
• B) opportunity costs are decreasing as more of one good is traded for the other good.
• C) technology has improved.
• D) there is full employment of all resources.

---

Definitions:

Records

Documents or files that are saved and stored systematically for future reference or to serve as evidence of certain activities or transactions.

Output Devices

Hardware components that convey information from a computer or a computing system to the user, including monitors, printers, and speakers.

Store Information

The act of preserving or archiving data in a way that it can be retrieved and used in the future.

CD-R Technology

A digital optical disc storage format that allows writing data once and reading many times, primarily used for data storage and music playback.