Multiple Choice
If all resources are used efficiently to produce goods and services, a nation will find itself producing
A) inside its production possibilities frontier
B) somewhere on its production possibilities frontier
C) outside of its production possibilities frontier
D) at one extreme end of its production possibilities frontier
E) more of one product with no decrease in the production of any other product
Correct Answer:

Verified
Correct Answer:
Verified
Q122: Each point on a production possibilities frontier
Q123: Which of the following is an example
Q124: Exhibit 2-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 2-4
Q125: Don can produce 10 pens or 20
Q126: Because of specialization and comparative advantage, most
Q128: Helen gives up the opportunity to bake
Q129: If the production possibilities frontier is a
Q130: A test was scheduled for Monday morning,
Q131: On a production possibilities frontier showing possible
Q132: Exhibit 2-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 2-9