If an economy is producing inefficiently, it is
A)possible to increase production of all goods simultaneously.
B)possible to increase production of one good at the expense of another.
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 an economy is producing inefficiently, it means that resources are not being used to their full potential, allowing for the possibility of increasing the production of all goods simultaneously without sacrificing the production of any other goods.

If an Economy Is Producing Inefficiently, It Is