Each point along a nation's production possibilities frontier represents efficient use of all resources.

Question

Quizplus · Accepted Answer

Each point along the production possibilities frontier represents the maximum possible output that can be produced with the given resources and technology. Therefore, it represents an efficient use of all available resources. Any point inside the frontier would represent an inefficient use of resources, while any point outside the frontier would be unattainable with the current resources and technology.

Each Point Along a Nation's Production Possibilities Frontier Represents Efficient