Question

3 economics uses the production possibilities curve to show how an economy can best use its resources. what term do we associate with an economy that uses its resources to produce the greatest possible number of goods and services? a underutilization b equal c efficient d competitive

Explanation:

• Underutilization means resources are not fully used, so it does not match the description.
• "Equal" is not a term describing optimal resource use for maximum production.
• Efficiency in economics refers to a state where resources are used to produce the maximum possible output, which aligns with the question.
• "Competitive" refers to market structure, not resource use for maximum production.

Answer:

C. Efficient