When an Economy Is Operating Efficiently, Which Is TRUE

question 409

Multiple Choice

When an economy is operating efficiently, which is TRUE?

• A) All resources are fully employed.
• B) It would be possible to increase the output of 1 good without decreasing the output of the other.
• C) Resources are not fully employed or current technology is not being fully utilized.
• D) This economy is operating to the right of its production possibilities curve (PPC).

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Definitions:

Positive Aspect

A favorable or beneficial quality, characteristic, or component of a situation or individual.

Solitude

Solitude involves being alone without feeling lonely, often leading to self-awareness, creativity, and inner peace.

Spirituality

Pertains to an individual's sense of peace, purpose, and connection to others, and beliefs about the meaning of life and the universe.