If all resources are used efficiently to produce goods and services, a nation will find itself producing _____

Question

Quizplus · Accepted Answer

When all resources are used efficiently, a nation will produce at a point on its production possibilities frontier (PPF). This is because the PPF represents the maximum amount of goods and services that can be produced with the given resources and technology. If all resources are used efficiently, the economy will be producing at the maximum output level represented by the PPF.

If All Resources Are Used Efficiently to Produce Goods and Services