Output combinations that lie inside the production possibilities curve are characterized by efficient use of resources.

Name: Output combinations that lie inside the production possibilities curve are characterized by efficient use of resources.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Output combinations that lie inside the production possibilities curve represent underutilization of resources, not efficient use. Efficient use is represented by points on the curve.

Output Combinations That Lie Inside the Production Possibilities Curve Are