Which of the following statements regarding the production possibilities frontier is true?
A)Points inside the frontier are attainable.
B)Points outside the frontier are attainable.
C)Points on the frontier are less efficient than points inside the frontier.
D)None of the above because all of the above statements are false.

Question

Quizplus · Accepted Answer

Points inside the production possibilities frontier are attainable but represent inefficient use of resources, while points on the frontier represent efficient use of resources. Points outside the frontier are unattainable with current resources.

Which of the Following Statements Regarding the Production Possibilities Frontier