If the resources of an economy are being used inefficiently, it would be
A) possible to increase production of all goods simultaneously.
B) possible to increase production of one good only if production decreased for the other goods.
C) not possible to increase production of any good.
D) not possible to increase economic growth.
E) possible to increase production with no effort.

Question

Quizplus · Accepted Answer

When resources are used inefficiently, there is slack in the economy, allowing for an increase in the production of all goods simultaneously without sacrificing the production of any other goods.

If the Resources of an Economy Are Being Used Inefficiently