Author Question: If some resources went to waste rather to use in production, the economy would operate outside its ... (Read 125 times)

jon_i · **on:** Jun 30, 2018

If some resources went to waste rather to use in production, the economy would operate outside its production possibility curve.
a. True
b. False
Indicate whether the statement is true or false

Question 2

If more of one good can be produced without producing less of another output, the economy must have been operating efficiently.
a. True
b. False
Indicate whether the statement is true or false