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4. if society is operating on the production possibilities curve then i…

Question

  1. if society is operating on the production possibilities curve then it must be true that

society is using all available resources and technology most efficiently.
operating on the curve is not possible in the short run.
society is not using all available resources and technology.
none of the above

Explanation:

Brief Explanations

The production possibilities curve (PPC) represents the maximum combination of goods an economy can produce using all available resources and technology efficiently. Operating on the curve means the economy is at full, efficient resource utilization.

Answer:

A. society is using all available resources and technology most efficiently.