When an economy is operating at a point on its production possibilities frontier,then
A)consumers are content with the mix of goods and services that is being produced.
B)there is no way to produce more of one good without producing less of the other.
C)equal amounts of the two goods are being produced.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

When an economy is on its production possibilities frontier, it is operating efficiently, meaning that resources are fully utilized, and producing more of one good requires sacrificing some of the other good.

When an Economy Is Operating at a Point on Its