When an Economy Is Operating Efficiently, the Production of More

question 207

Multiple Choice

When an economy is operating efficiently, the production of more of one good will result in the production of less of some other good because

• A) consumers do not want more of both goods.
• B) resources are limited (scarce) and efficiency implies that all are already in use.
• C) the production possibilities curve shifts inward as more of one good is produced.
• D) technological improvement can only improve the production of a single good.

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Definitions:

Navigation Pane

A user interface element that provides easy access to different sections or databases within a software application, often displayed as a sidebar.

Hide

A command in software to make a window or item invisible or temporarily remove it from view without closing or deleting it.

Hidden Property

An attribute of a file, folder, or software component that makes it not visible by default to users, protecting it for privacy or security reasons.

Navigation Pane

The part of the graphical user interface within software applications that allows users to navigate through different sections or functionalities of the application, often represented as a sidebar.