Points outside the production possibilities frontier represent
A) unemployment of resources
B) inefficient use of resources
C) combinations that are attainable only if all resources are used fully and efficiently
D) currently unattainable combinations of outputs
E) the only currently attainable combinations from which society must choose
Correct Answer:
Verified
Q117: Exhibit 2-4 Q118: Exhibit 2-4 Q119: Exhibit 2-4 Q120: On a given production possibilities frontier, which Q121: On a straight-line production possibilities frontier, which Q123: The law of increasing opportunity cost reflects Q124: If an economy is operating at a Q125: A point inside the production possibilities curve Q126: On a production possibilities frontier showing possible Q127: If the production possibilities frontier is a 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