The classical view is consistent with the idea of an economy that produces _____ its production possibilities frontier.
A) on
B) inside
C) outside
D) to the right of

Question

Quizplus · Accepted Answer

The classical view posits that an economy operates efficiently, utilizing all available resources, which corresponds to producing on its production possibilities frontier. This indicates full employment and optimal production levels.

The Classical View Is Consistent with the Idea of an Economy