A Small Economy Produces Only Pizzas and Jeans

question 132

Multiple Choice

A small economy produces only pizzas and jeans.If resources are used inefficiently in the economy,

• A)it will be possible to produce more pizzas without decreasing the production of jeans.
• B)the economy will be operating at a point on its production possibilities curve.
• C)the economy will be operating at a point outside its production possibilities curve.
• D)it will not be possible to produce more jeans or pizzas.