Exhibit 1-7
-Refer to Exhibit 1-7. Point E
A)occurs when resources are not efficiently allocated.
B)may be attained with a sufficient improvement in technology.
C)can be attained with existing resources.
D)is impossible to attain, even in the future.
E)shows the most efficient use of valuable resources.

Question

Exhibit 1-7 
-Refer to Exhibit 1-7. Point E
A)occurs when resources are not efficiently allocated. 
B)may be attained with a sufficient improvement in technology. 
C)can be attained with existing resources. 
D)is impossible to attain, even in the future. 
E)shows the most efficient use of valuable resources.

Quizplus · Accepted Answer

Point E, if it lies outside the production possibilities frontier (PPF), represents a level of output that is currently unattainable with existing resources and technology. However, it may be reached in the future with improvements in technology or an increase in resources.

Exhibit 1-7 -Refer to Exhibit 1-7. Point E