Asked by

Graisy Greener
on Nov 05, 2024

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If an economy is producing on its production possibility frontier but is not producing what people want, the economy

A) is experiencing technological advancement.
B) is producing at more than one point on the production possibility frontier.
C) is not achieving output efficiency.
D) is not being productively efficient.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs resources and technology, illustrating trade-offs and opportunity costs.

Output Efficiency

The state of producing the maximum output with the minimum wasted effort or expense.

Productively

In a manner that results in a high degree of effectiveness or efficiency in producing desired outcomes.

  • Understand how producing inside or on the PPF reflects on an economy’s efficiency and technological advancement.
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CS
Carson St. AmourNov 09, 2024
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