Any production point outside the production possibilities frontier is
A) attainable only if prices rise.
B) unattainable.
C) associated with unused resources.
D) attainable only if prices fall.
Correct Answer:
Verified
Q1: Which of the following is NOT true
Q2: The production possibilities frontier
A) depicts the boundary
Q4: Harry produces 2 balloon rides and 4
Q5: When producing at a production efficient point,_
Q6: Scarcity is represented on a production possibilities
Q7: The production possibilities frontier represents
A) the maximum
Q8: A point outside a production possibilities frontier
Q9: On the vertical axis, the production possibilities
Q10: Which of the following statements regarding the
Q11: Jane produces only corn and cloth. Taking
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents