In terms of the production possibility frontier,the inefficient use of available resources is shown by:
A)an increase in the labor force growth rate.
B)a movement from one point to another along the production possibility frontier.
C)an inward shift of the production possibility frontier due to the lack of opportunity.
D)production at a point inside the production possibility frontier.

Question

Quizplus · Accepted Answer

Production at a point inside the production possibility frontier indicates that resources are not being utilized efficiently, as it is possible to produce more of one or both goods without sacrificing the production of the other. The other options (A, B, C) do not necessarily reflect inefficient use of available resources.

In Terms of the Production Possibility Frontier,the Inefficient Use of Available