When an Economy Is Operating Inside Its Production Possibilities Frontier

question 33

Multiple Choice

When an economy is operating inside its production possibilities frontier, what do we know?

• A) There are unused resources or inefficiencies in the economy.
• B) The economy is operating with efficiency.
• C) Moving to a point on its production possibilities frontier would illustrate economic growth.
• D) To produce more of one good, the economy would have to give up some of the other good.

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