A productive efficient society
A) produces at a point on its PPF.
B) can produce more of one good only by giving up some of another good.
C) cannot produce unlimited amounts of a good.
D) still has to make choices.
E) all of the above

Question

Quizplus · Accepted Answer

All of the options listed are characteristics of a productive efficient society. A productive society operates at a point on its production possibilities frontier (PPF), where it cannot produce more of one good without giving up some of another good. This means that the society has to make choices about what goods to produce based on their relative costs and benefits. Additionally, a productive efficient society cannot produce unlimited amounts of a good since resources are scarce and must be allocated efficiently. Therefore, all of the options listed are necessary for a productive efficient society.

A Productive Efficient Society