Multiple Choice
Which of the following describes when an economy may be operating at a point inside the production possibilities curve?
A) if production resources are being used efficiently
B) if a substantial amount of machinery is idle
C) if a substantial amount of labour is employed
D) if technological progress enables the economy to produce quantities of output otherwise unattainable
Correct Answer:

Verified
Correct Answer:
Verified
Q72: Which of the following would mostly likely
Q73: FIGURE 2-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5767/.jpg" alt="FIGURE 2-2
Q74: FIGURE 2-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5767/.jpg" alt="FIGURE 2-4
Q75: Which of the following is NOT a
Q76: FIGURE 2-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5767/.jpg" alt="FIGURE 2-7
Q78: FIGURE 2-14<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5767/.jpg" alt="FIGURE 2-14
Q79: High economic growth can eventually eliminate the
Q80: FIGURE 2-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5767/.jpg" alt="FIGURE 2-3
Q81: How does a "command economy" compare to
Q82: FIGURE 2-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5767/.jpg" alt="FIGURE 2-3