1. If a country is ON the PPF, then the country

A) is operating efficiently.
B) cannot simultaneously produce more of both goods or services.
C) must give up more of one good or service to produce another good or service.
D) is at its potential.
E) All of the above are correct.

2. If a country is inside its PPF, then the country

A) is operating inefficiently.
B) can simultaneously produce more of both goods or services.
C) does not have to give up more of one good or service to produce another good or service.
D) is below its potential.
E) All of the above are correct.

3. A point outside the PPF:

A) is attainable with the country's current resources.
B) is possible only with its past resources.
C) is where a country can simultaneously increases the production of both goods or services.
D) is unattainable with its current resources.
E) indicates the country is below its potential.