-In the figure above
A) moving from point a to point b would require new technology.
B) production at point b is efficient whereas production at point a is not efficient.
C) some resources must be unemployed at point c.
D) opportunity costs are decreasing.

Question

-In the figure above
A) moving from point a to point b would require new technology. 
B) production at point b is efficient whereas production at point a is not efficient. 
C) some resources must be unemployed at point c. 
D) opportunity costs are decreasing.

Quizplus · Accepted Answer

Production at point b is on the production possibilities curve, while production at point a is not. This means that production at point b is efficient, while production at point a is not.

-In the Figure Above