A point outside the production possibilities frontier
A) represents unemployment of resources
B) represents full employment of resources
C) would not represent an efficient combination of goods
D) cannot be reached using the available technology
E) is less desirable than one that lies inside the frontier
Correct Answer:
Verified
Q104: The production possibilities frontier represents the boundary
Q105: "Efficiency" refers to
A)producing output using the least
Q106: Exhibit 2-4 Q107: Exhibit 2-4 Q108: The production possibilities frontier represents all desirable Q110: Exhibit 2-4 Q111: At various points along the production possibilities 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