If a society produces at a point on the production possibilities frontier, this is consistent with the full employment of resources.

Question

Quizplus · Accepted Answer

If a society is producing at a point on the production possibilities frontier, it means that they are using all of their available resources efficiently and effectively. This would suggest that there is full employment of resources. If they were producing below the production possibilities frontier, it would indicate that there is some underutilization of resources, and if they were producing beyond the production possibilities frontier, it would suggest that resources are being overutilized, potentially leading to inefficiencies and negative consequences in the long run.

If a Society Produces at a Point on the Production