Production Inefficiency Occurs

question 123

Multiple Choice

Production inefficiency occurs

• A) only when an economy produces underneath its production possibility frontier.
• B) only when an economy produces at the wrong point on the production possibility frontier.
• C) either when an economy produces underneath the production possibility frontier or when the economy is producing the wrong combination of goods on the production possibility frontier.
• D) only when the economy produces outside the production possibility frontier.

---

Definitions:

Exact Phrase

A specific combination of words in the exact order used for precise search results or matching.

Quotation Marks

Punctuation marks used in pairs in various writing systems to set off direct speech, a quotation, or a phrase.

OneNote

A digital note-taking app developed by Microsoft, allowing for free-form information gathering and multi-user collaboration across devices.

Favorites

A feature allowing users to mark and easily access frequently used websites, documents, or files.