Refer to the above production possibilities curves. Curve (a) is the current curve for the economy. Focusing on curve (a), point N suggests that the economy currently produces:
A) More goods for the future than at point P
B) Less goods for the future than at point P
C) Less goods for the present than at point P
D) A combination of output that is less than its potential

Question

Refer to the above production possibilities curves. Curve (a) is the current curve for the economy. Focusing on curve (a), point N suggests that the economy currently produces:
A) More goods for the future than at point P 
B) Less goods for the future than at point P 
C) Less goods for the present than at point P 
D) A combination of output that is less than its potential

Quizplus · Accepted Answer

The Answer of  Refer to the above production possibilities curves. Curve (a) is the current curve for the economy. Focusing on curve (a), point N suggests that the economy currently produces:
A) More goods for the future than at point P 
B) Less goods for the future than at point P 
C) Less goods for the present than at point P 
D) A combination of output that is less than its potential

Refer to the Above Production Possibilities Curves