When an Economy Is Producing Inside Its Production Possibility Frontier

question 182

Multiple Choice

When an economy is producing inside its production possibility frontier,

• A) production inefficiency occurs.
• B) only technological advances will allow it to increase production.
• C) it is efficient so long as it is producing what people want.
• D) it must overcompensate by producing outside the curve to achieve efficiency.

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Definitions:

Sexual Drive

The natural or instinctive physiological desire for sexual activity or expressions.

Theory

Set of assumptions about the likely causes of abnormality and appropriate treatments.

Phenomenon

An observable fact or event, often remarkable or unusual in nature, studied in various scientific fields.

Framework

A basic structure underlying a system, concept, or text that guides its development and analysis.