When a society is producing the maximum amount of output from its resources, it is producing:
A) equitably.
B) beyond its production possibilities frontier.
C) efficiently.
D) without scarcity.

Question

Quizplus · Accepted Answer

When a society is producing the maximum amount of output from its resources, it is considered to be producing efficiently. This means all resources are being used in a way that maximizes the production of goods and services, aligning with the concept of efficiency in economics.

When a Society Is Producing the Maximum Amount of Output