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When an economy is producing inside its production-possibilities curve, this is an indication that: 1. There are not enough resources available to reach the production-possibilities
When an economy is producing inside its production-possibilities curve, this is an indication that:
1. There are not enough resources available to reach the production-possibilities curve.
2. More output could be produced with existing resources.
3. The level of technology is limiting the level of production.
4. All of the above are correct.
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