If an economy is operating inside its production possibilities curve for consumer goods and capital goods, it: A) must improve its technology to…
If an economy is operating inside its production possibilities curve for consumer goods and capital goods, it:A) must improve its technology to produce more output.B) can only produce more capital goods by producing fewer consumer goods.C) can produce more of both consumer goods and capital goods by using resources that are currently idle.D) can only produce more consumer goods by producing fewer capital goods.
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