If an economy is producing efficiently,then
A) there is no way to produce more of one good without producing less of another good.
B) it is possible to produce more of both goods without increasing the quantities of inputs that are being used.
C) it is possible to produce more of one good without producing less of another good.
D) it is not possible to produce more of any good at any cost.
Correct Answer:
Verified
Q131: Production is efficient if the economy is
Q132: Figure 2-2 Q133: Where can an economy not produce? Q134: Which of the following is not an Q135: Figure 2-3 Q137: Efficiency is illustrated by Q139: When constructing a production possibilities frontier,which of Q140: The production possibilities frontier is a graph Q141: The bowed shape of the production possibilities Q221: Suppose a nation is currently producing at
A)inside its
A)both the production possibilities
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