For an economy to produce at a point beyond its current ppf, the economy must
A) waste less.
B) be more efficient.
C) reduce inputs.
D) increase its resource base.

Question

Quizplus · Accepted Answer

To produce beyond its current production possibilities frontier (PPF), an economy must increase its resource base, which includes factors like labor, capital, and natural resources. This expansion allows for greater production capacity. Efficiency improvements or waste reduction can help an economy produce more within its current PPF but do not shift the PPF outward. Reducing inputs would likely decrease production, not increase it.

For an Economy to Produce at a Point Beyond Its