If All Resources Are Used Efficiently to Produce Goods and Services

question 127

Multiple Choice

If all resources are used efficiently to produce goods and services, a nation will find itself producing

• A)inside its production possibilities frontier
• B)somewhere on its production possibilities frontier
• C)outside of its production possibilities frontier
• D)at one extreme end of its production possibilities frontier
• E)more of one product with no decrease in the production of any other product

---

Definitions:

Modernization

The process of economic change, whereby developing societies acquire some of the social and political characteristics of Western industrial societies; five subprocesses are involved: technological development, agricultural development, urbanization, industrialization, and telecommunication.

Western Development

The expansion and advancement of countries in the Western hemisphere, typically through industrialization, urbanization, and economic growth.

Pluralistic Societies

Societies characterized by a diversity of religious, cultural, ethnic, and racial groups who coexist and interact within a single larger socio-political framework.

Undernourished

A condition where an individual does not intake enough nutrients, leading to various health issues related to malnutrition.