If a country is producing efficiently and is on the production possibility frontier, the only way to produce more of one good is to produce less of the other.

Question

Quizplus · Accepted Answer

If a country is producing efficiently and is on the production possibility frontier, it means it is already producing at its maximum potential, and any increase in the production of one good would require decreasing the production of the other good, as resources are limited. Therefore, the statement is true.

If a Country Is Producing Efficiently and Is on the Production