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

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Definitions:

Invertebrates

Animals that lack a vertebral column, including species such as insects, crustaceans, and mollusks.

Decomposers

Organisms, such as bacteria and fungi, that break down dead or decaying organic matter, recycling nutrients back into the ecosystem.

Low Oxygen

Conditions where the level of oxygen in an environment is below the necessary threshold to support most life forms.

Plankton

Small and often microscopic organisms that drift or float in water, forming the base of aquatic food webs.