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zvonat [6]
3 years ago
5

How does a production possibility chart illustrate how efficient an economy is?

Social Studies
1 answer:
DanielleElmas [232]3 years ago
6 0

The production possibilities frontier is the line that shows the maximum possible output for that economy. Efficiency means using resources in such a way as to maximize the production of goods and services. An economy producing output levels on the production possibilities frontier is operating efficiently.

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