Question

2. When societies are using all available resources and technology most efficiently they are
not meeting the supply demands of their citizens.
O operating on the production possibilities curve.
operating outside of the production possibilities curve.
O paying their employees a fair wage.

Answer 1

When societies are using all available resources and technologies most efficiently, they are operating on the production possibilities curve.

What is the production possibilities curve?

It is a graphic representation for the economic illustration of compensations and scarcity, that is, through this PPC graphic it is possible to analyze how in an economy production resources and technology are used through different combinations to guarantee greater efficiency in their use.

Therefore, the production possibilities curve ensures that the economy is balanced and limited in relation to the country's productive capacity, making the use of resources and technology more aligned with the amount of resources, production capacity and consequently increased effectiveness.

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