If the economy is producing at point a on its production possibility frontier,then
A) all of the country's workers are employed.
B) all of the country's workers are specialized in one product.
C) all of the country's capital is used for one product.
D) all of its capital is used, but not efficiently.
E) all of the country's exports are produced in equal amounts.

Question

Quizplus · Accepted Answer

Producing on the production possibility frontier indicates that all resources, including labor, are fully and efficiently employed.

If the Economy Is Producing at Point a on Its