If an economy is operating at a point inside the production possibilities frontier, then
A)the PPF curve will shift inward.
B)society's resources are being inefficiently utilised.
C)economic policy must retard further growth of the economy.
D)society's resources are being used to produce too many consumer goods.

Question

Quizplus · Accepted Answer

Society's resources are being inefficiently utilised when the economy is operating at a point inside the production possibilities frontier.

If an Economy Is Operating at a Point Inside the Production