If an Economy Is Operating Inside Its Production Possibilities Curve

question 63

Multiple Choice

If an economy is operating inside its production possibilities curve for tanks and bread, which of the following best illustrates what is happening in the economy?

• A) Production of bread and tanks can both increase.
• B) All resources are being used efficiently.
• C) Production of bread can increase only by sacrificing the production of tanks.
• D) Scarcity does not exist.

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Extensive Memory

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