If an Economy Is Producing at a Point Inside a Production

question 133

Multiple Choice

If an economy is producing at a point inside a production possibilities curve:

• A) the economy is efficient.
• B) there is economic growth.
• C) resources are unemployed.
• D) resources are fully employed.

---

Definitions:

Wide Area Network

A Wide Area Network (WAN) is a telecommunications network that extends over a large geographical area, connecting computers and smaller networks to each other.

Extranet

A private network that uses Internet protocols and the public telecommunication system to securely share part of a business's information or operations with suppliers, vendors, partners, customers, or other businesses.

Virtual Network

Common type of technology infrastructure, which consists of links that are not wired connections.

Costly Hardware

Expensive physical components of a computer system or other electronic devices.