If available resources are being used efficiently,
A)a society can increase the production of one good or service only by decreasing the production of some other good or service.
B)society need no longer worry about tradeoffs.
C)a society can increase the production of one good or service only by increasing the production of some other good or service.
D)resources are no longer limited.
E)scarcity is no longer a problem.

Question

Quizplus · Accepted Answer

When resources are being used efficiently, increasing the production of one good or service necessitates a reduction in the production of another due to the limited nature of resources. This is a reflection of the economic principle of opportunity cost.

If Available Resources Are Being Used Efficiently