If a country is operating at a point on its production-possibilities curve, more of one good can be produced only if less of another good is produced because:
A) the resources used to produce each good are not identical.
B) resources are available only in limited amounts.
C) of the law of diminishing returns.
D) most resources are specialized and can only be used to produce certain goods.

Question

Quizplus · Accepted Answer

The production-possibilities curve represents the trade-offs in production volume between two choices. Operating on the curve means all resources are fully utilized, so producing more of one good requires reallocating resources from another good, reflecting their limited availability.

If a Country Is Operating at a Point on Its