Which of the Following Is True When an Economy Is

question 98

Multiple Choice

Which of the following is true when an economy is producing efficiently?

• A)The economy is producing on the production possibilities curve.
• B)The economy is producing outside the production possibilities curve.
• C)The economy is getting the fewest goods and services from the available resources.
• D)Everyone in the economy is happy.

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Definitions:

Patio Furniture

Outdoor furniture designed for use in garden, patio, or backyard settings, typically made from weather-resistant materials.

Automatically Dissolved

Describes a situation or status wherein an entity, such as a corporation or partnership, discontinues its legal existence without the need for formal dissolution procedures.

Hardware Merchants

Businesses specializing in the retail or wholesale of tools, building materials, and hardware supplies.

Weekend Selling

A retail strategy aimed at boosting sales by offering special deals or promotions during weekends.