Which of the following most accurately indicates the implications of an economy's production possibilities curve?
A) If all the resources of an economy are being used efficiently, more of one good can be produced only if less of another good is produced.
B) If all the resources of an economy are being used efficiently, it is generally possible to produce more of one good without having to sacrifice the production of other goods.
C) Over time, it is generally impossible for a country to expand its production of goods.
D) An economy will automatically move toward a point that lies outside of the production possibilities curve unless proper government policy constrains production.

Question

Quizplus · Accepted Answer

The production possibilities curve (PPC) illustrates the trade-offs between two goods, showing that if resources are used efficiently, producing more of one good requires sacrificing some of another due to limited resources.

Which of the Following Most Accurately Indicates the Implications of an Economy's