Question

question 9 · 1 point productive efficiency means that starting from a productively efficient point, select the correct answer below: we can produce more of all goods we can save resources by producing less to increase production of one good, we must decrease production of another some resources are left unused

Explanation:

To determine the correct answer, we analyze the concept of productive efficiency. A productively efficient point means all resources are fully utilized, and to produce more of one good, we must reallocate resources from another good (due to scarcity and trade - offs).

• Option "we can produce more of all goods": This is incorrect. In a productively efficient situation, resources are already fully and optimally allocated. To produce more of one good, we need to take resources from another, so we can't produce more of all goods simultaneously.
• Option "we can save resources by producing less": Productive efficiency implies no waste of resources. Producing less doesn't mean saving resources in the context of productive efficiency (it would likely mean inefficiency or under - utilization).
• Option "to increase production of one good, we must decrease production of another": This is correct. Because resources are limited and fully utilized at a productively efficient point, reallocating resources to increase the production of one good requires taking resources away from the production of another good, thus decreasing its production.
• Option "some resources are left unused": This is the opposite of productive efficiency. Productive efficiency means all resources are used efficiently, with no unused resources.

Answer:

to increase production of one good, we must decrease production of another