A nation can produce anywhere ________ its production possibilities curve.

Question

Quizplus · Accepted Answer

A nation can produce either on or inside its production possibilities curve, which represents the maximum amount of goods and services an economy can produce given its resources and technology. If a nation produces on the curve, it is using all of its resources efficiently and producing at maximum capacity. If it produces inside the curve, it is not using all of its resources efficiently, and there is unused or underutilized capacity. Therefore, both A and C are correct choices.

A Nation Can Produce Anywhere ________ Its Production Possibilities Curve