If a society is operating at a point inside its production possibilities frontier, then this society's
A) resources are being inefficiently utilized.
B) production possibilities frontier will shift rightward.
C) resources are being used in the most efficient manner.
D) economy will grow too fast.
A
Economics
You might also like to view...
Labor productivity rises when
A) average worker output rises. B) nominal wages fall. C) average worker output falls. D) business investment falls.
Economics
Which of the following factors does NOT shift the supply of loanable funds curve?
i. change in disposable income ii. change in wealth iii. change in expected profit A) i only B) ii only C) iii only D) ii and iii E) i and ii
Economics