The US country was operated at Point A shown in the Production Possibility Curve (PPC) diagram as the Industrial Revolution.
What was the Industrial Revolution?
The Industrial Revolution was the transformation of the agriculture industry into the manufacturing industry and more focused on machinery production.
In the PPC diagram, Point A represents the underutilization of goods which shows the scenario of the industrial revolution. This was the era when there was a massive rise in machinery production rather than the use of handmade goods which ultimately leads to the wastage of resources.
Therefore, the third option is the correct answer.
Learn more about the Production Possibility Curve in the related link:
https://brainly.com/question/14293257
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