A society that is on its production possibility curve
Answer Details
A society that is on its production possibility curve has attained both full employment and full production. The production possibility curve is a graphical representation of the maximum amount of goods and services that a society can produce given its available resources and technology. Any point on the curve represents a combination of two goods that a society can produce using all of its available resources.
If a society is on the curve, it means that it is using all of its resources efficiently to produce the maximum amount of goods and services possible. This also means that the society has achieved full employment, where all available workers are employed and contributing to the production process. Similarly, the society has achieved full production, where it is producing the maximum amount of goods and services that its resources and technology allow.
Therefore, - "has attained both full employment and full production" is the correct answer.