Figure 2-6 -When an Economy Is Operating Inside Its Production Possibilities Frontier

question 208

Multiple Choice

Figure 2-6
-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 be 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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Definitions:

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The quality or state of being tediously unchanging or repetitive, often leading to boredom or disinterest.

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Being actively involved or committed to a particular activity or cause.

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A professional who writes, tests, and maintains the code that allows computer applications and software programs to function.

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A professional educator specializing in teaching children in the primary grades, typically from kindergarten through fifth or sixth grade.