If an economy is operating at a point inside the production possibilities curve? a. its resources are not being used efficiently. b. This is a trick question because an economy cannot produce at a point inside the curve. c. the curve will begin to shift inward. d. the curve will begin to shift outward.
If an economy is operating at a point inside the production possibilities curve? a. its resources are not being used efficiently. b. This is a trick question because an economy cannot produce at a point inside the curve. c. the curve will begin to shift inward. d. the curve will begin to shift outward.
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 8SQP
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If an economy is operating at a point inside the
a.
its resources are not being used efficiently.
b.
This is a trick question because an economy cannot produce at a point inside the curve.
c.
the curve will begin to shift inward.
d.
the curve will begin to shift outward.
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