A society that operates below the production possibility curve is using its productive resources

A production possibility curve (PPC) represents the maximum combinations of two goods that a society can produce with its available resources and technology. If a society is operating below the PPC, it means that it is not utilizing its productive resources efficiently or optimally. In other words, it is producing less than what it is capable of producing. This could be due to various factors, such as unemployment, underutilization of resources, lack of investment in technology or education, or inefficient allocation of resources. Therefore, a society that operates below the production possibility curve is using its productive resources inefficiently.