10 multiple choice 1 point when an economy is producing efficiently, it is getting the maximum goods and…

10 multiple choice 1 point when an economy is producing efficiently, it is getting the maximum goods and services possible from the available resources. experiencing decreasing opportunity costs. producing equal amounts of all goods. producing a combination of goods and services beyond the production possibilities curve. 11 multiple choice 1 point which of the following is true when an economy is producing efficiently? the economy is getting the fewest goods and services from the available resources. the economy is producing on the production possibilities curve. the economy is producing outside the production possibilities curve. everyone in the economy is happy. 12 multiple choice 1 point in terms of the production possibilities curve, inefficiency is represented by all points outside the curve. all points on the curve. a rightward shift of the curve. all points inside the curve.

10 multiple choice 1 point when an economy is producing efficiently, it is getting the maximum goods and services possible from the available resources. experiencing decreasing opportunity costs. producing equal amounts of all goods. producing a combination of goods and services beyond the production possibilities curve. 11 multiple choice 1 point which of the following is true when an economy is producing efficiently? the economy is getting the fewest goods and services from the available resources. the economy is producing on the production possibilities curve. the economy is producing outside the production possibilities curve. everyone in the economy is happy. 12 multiple choice 1 point in terms of the production possibilities curve, inefficiency is represented by all points outside the curve. all points on the curve. a rightward shift of the curve. all points inside the curve.

Answer

Brief Explanations:

  1. When an economy is producing efficiently, it makes the most of available resources to produce goods and services. This is the definition of productive - efficiency.
  2. An efficient - producing economy operates on the production possibilities curve, as points on the curve represent the maximum output combinations given the available resources and technology.
  3. Points inside the production possibilities curve represent inefficiency because the economy can produce more of at least one good without sacrificing the production of other goods.

Answer:

  1. getting the maximum goods and services possible from the available resources.
  2. The economy is producing on the production possibilities curve.
  3. all points inside the curve.