If an Economy Is Operating at a Point Inside the Production

question 58

Multiple Choice

If an economy is operating at a point inside the production possibilities frontier, then:

• A) some of the economy's resources are unemployed.
• B) the production decisions are made by the government.
• C) unlimited resources must satisfy scarce desires.
• D) using the existing resources efficiently will shift the production possibilities frontier outward.
• E) society is paying too many wages.

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Definitions:

Unintentional

Unintentional refers to actions or outcomes that occur without a deliberate plan or intent.

Human Error

Mistakes made by people, especially in the context of work or operating machinery, which can lead to accidents or inefficiencies and are often analyzed for system improvement.

Unintentional

Actions or outcomes that occur without deliberate intent, often resulting in unforeseen consequences or accidents.

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