When a society is operating on the production possibilities curve,it is using its available resources efficiently in the production of goods and services.

Question

Quizplus · Accepted Answer

When a society is operating on the production possibilities curve, it means it is producing a combination of goods and services that maximizes the use of its available resources. Any point inside the curve indicates that resources are underutilized, while any point outside the curve is currently unattainable given the available resources. Therefore, operating on the curve represents the most efficient use of resources.

When a Society Is Operating on the Production Possibilities Curve,it