An efficient economy:
A) uses available resources fully.
B) uses the best division of labor.
C) produces an output combination at some point along the production possibility curve.
D) all of these.
Correct Answer:
Verified
Q73: What shape is the production possibilities curve
Q74: A production possibilities curve shows the:
A) dollar
Q75: Of factors which affect any economy's production
Q76: Any point on the production possibilities curve
Q77: When an economy's resources are not fully
Q79: When the production possibilities curve is bowed
Q80: The production possibility curve is bowed outward
Q81: All points on the production possibilities curve
Q82: If an economy is producing at full
Q83: If society leaves some of its resources
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