Recent economic reports suggest that the U.S. economy is operating its resources efficiently. This indicates that: The economy has a comparative advantage in the production of all goods The economy is operation on its production possibilities frontier The economy is operating at the intersection of the production possibilities frontier and the horizontal axis. The government controls the allocation of resources and redistribution of income in the U.S.

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A: Please find the images attached for detailed solution

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A:

Q: !

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