Multiple Choice
A small economy produces only pizzas and jeans.If resources are used inefficiently in the economy,
A) it will be possible to produce more pizzas without decreasing the production of jeans.
B) the economy will be operating at a point on its production possibilities curve.
C) the economy will be operating at a point outside its production possibilities curve.
D) it will not be possible to produce more jeans or pizzas.
Correct Answer:
Verified
Correct Answer:
Verified
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