If an economy is producing inside the production possibilities curve,then
A)There is full employment of resources.
B)It is operating efficiently.
C)It can produce more of one good without giving up some of another good.
D)There are not enough resources available to produce more output.

Question

Quizplus · Accepted Answer

When an economy is producing inside the production possibilities curve, it means that not all resources are being used efficiently, and it can increase production of one good without sacrificing the production of another, indicating underutilized resources.

If an Economy Is Producing Inside the Production Possibilities Curve,then