Exhibit 2-4
Refer to Exhibit 2-4. This economy is productive

Name: Exhibit 2-4 Refer to Exhibit 2-4. This economy is productive
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Question

Exhibit 2-4 
Refer to Exhibit 2-4. This economy is productive

Quizplus · Accepted Answer

The economy is efficient if it operates at point A or D because those points represent production levels where all resources are being fully utilized. However, operating at point B or C would be inefficient because resources are being underutilized and the economy could produce more goods without using additional resources.

Exhibit 2-4 Refer to Exhibit 2-4. This Economy Is Productive