An economy is said to be efficient if it is:

Name: An economy is said to be efficient if it is:
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Question

Quizplus · Accepted Answer

An economy is considered efficient if it is operating on its production possibility frontier, meaning that it cannot produce more of one good without reducing the production of another. This scenario is described in option C, indicating that resources are being used in the most efficient way possible given current technology and resources.

An Economy Is Said to Be Efficient If It Is