When an economy is at full employment and full production,more of any one product:
A) cannot be produced because there is full production.
B) can be produced only if there is a general decrease in prices.
C) can be produced only if there is less production of some other products.
D) cannot be produced unless private enterprise does so rather than government.

Question

Quizplus · Accepted Answer

When an economy is at full employment and full production, resources are fully utilized. To produce more of one product, resources must be reallocated from the production of other products, reflecting the concept of opportunity cost.

When an Economy Is at Full Employment and Full Production,more