When an Economy Is Operating Efficiently, Which Is True

question 80

Multiple Choice

When an economy is operating efficiently, which is true?

• A) All resources are fully employed.
• B) It would be possible to increase the output of 1 good without decreasing the output of the other.
• C) Resources are not fully employed or current technology is not being fully utilized.
• D) This economy is operating to the right of its production possibilities curve (PPC).

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Definitions:

Credit Report

A detailed record of an individual's or entity's credit history, collected from creditors and used by lenders to gauge creditworthiness.

Property Issue

A legal dispute or concern relating to the ownership or use of land, buildings, or other forms of real estate.

Legal Limits

Regulations or laws that define the boundaries within which individuals or organizations can operate or conduct activities.

Lethal Limits

The boundaries or levels beyond which survival is not possible due to environmental or physical conditions.