Points inside the production possibilities frontier represent
A) full and efficient use of all resources
B) inefficiency or unemployment (or both)
C) currently unattainable combinations of outputs
D) currently unattainable combinations of resources
E) the most desirable combinations of outputs
Correct Answer:
Verified
Q131: Exhibit 2-6 Q132: A production possibilities frontier will be bowed Q133: Exhibit 2-7 Q134: The concave shape of a production possibilities Q135: The bowed-out shape of the production possibilities Q137: Because resources are not perfectly adaptable to Q138: Any movement along the production possibilities frontier Q139: If the production possibilities curve is a Q140: The law of increasing opportunity cost explains Q141: The production possibilities frontier represents all desirable
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