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 the above.
Correct Answer:
Verified
Q61: A production possibility graph slopes down because
Q62: The various combinations of goods and services
Q63: The production possibilities curve demonstrates the basic
Q68: The production possibilities curve shows different combinations
Q71: The production possibilities curve depicts the various
Q75: Of factors which affect any economy's production
Q77: When an economy's resources are not fully
Q79: When the production possibilities curve is bowed
Q79: Production possibilities curve analysis includes the idea
Q81: Exhibit 2-4 Production possibilities curve data 
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