Exhibit 2-13 Production possibilities curve In Exhibit 2-13, which of the following is not true regarding point H? Point H:

Question

Exhibit 2-13  Production possibilities curve  In Exhibit 2-13, which of the following is not true regarding point H? Point H:

Quizplus · Accepted Answer

Point H represents the maximum production level for both goods, which is only achievable if the economy achieves full employment and efficient allocation of its resources. Therefore, option B is not true as it suggests that point H could be achieved if the economy only achieves full employment, but efficient allocation of resources is also necessary. Options A, C, D, and E are true as they indicate that point H could be achieved in the future through resource base enlargement, technological advancement, or economic growth.

Exhibit 2-13 Production Possibilities Curve in Exhibit 2-13, Which of the Following