CONSIDER A SOCIETY THAT IS PRODUCING INSIDE ITS PRODUCTION POSSIBI...

90. Consider a society that is producing inside its production possibilities frontier. This society could best achieve efficiency in its production of output by:distributing incomes more equally.→ fully employing all available resources.increasing the levels of wages and prices.producing relatively more capital goods and relatively fewer consumer goods. AACSB: AnalyticBlooms: RememberDifficulty: 2 MediumLearning Objective: 01-05 Apply production possibilities analysis; increasing opportunity costs; and economic growth.Topic: Production possibilities modelMultiple Choice Question