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Figure 2-6 -When an Economy Is Operating Inside Its Production Possibilities Frontier

Question 119

Multiple Choice

Figure 2-6 Figure 2-6 -When an economy is operating inside its production possibilities frontier, what do we know? A) There are unused resources or inefficiencies in the economy. B) The economy is operating with efficiency. C) Moving to a point on its production possibilities frontier would be economic growth. D) To produce more of one good, the economy would have to give up some of the other good.
-When an economy is operating inside its production possibilities frontier, what do we know?

A) There are unused resources or inefficiencies in the economy.
B) The economy is operating with efficiency.
C) Moving to a point on its production possibilities frontier would be economic growth.
D) To produce more of one good, the economy would have to give up some of the other good.

Correct Answer: