If the economy is currently producing at a point on its production possibilities frontier (PPF) , the economy is
A) productive inefficient.
B) operating with some unemployed resources.
C) productive efficient.
D) currently producing at a point that is unattainable.
Correct Answer:
Verified
Q115: The economy was at point A producing
Q117: If an economy can produce a maximum
Q117: Points inside (below)the production possibilities frontier (PPF)are
A)
Q118: Exhibit 2-7 Q118: If the law of increasing opportunity costs Q120: If a production possibilities frontier (PPF)is concave Q121: Keisha can produce the following combinations of
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