All of the points inside a production possibilities frontier are ____; all of the points outside the production possibilities frontier are ____.
A)efficient; inefficient
B)optimal; irrational
C)attainable; unattainable
D)rational; zero-cost
E)unattainable; efficient

Question

Quizplus · Accepted Answer

Points inside a production possibilities frontier represent combinations of goods and services that an economy can produce using all available resources efficiently, thus they are attainable. Points outside the frontier represent combinations that are currently unattainable with the available resources and technology.

All of the Points Inside a Production Possibilities Frontier Are