Some authors claim that any point not on the frontier cannot be best.What is their reasoning to support this?
A) A point inside the frontier implies that society is not facing up to the problem of scarcity.
B) A point inside the frontier limits growth, and growth is always a goal worth pursuing.
C) A point inside the frontier represents inflation, and inflation is a dangerous situation.
D) A point inside the frontier results in fewer goods, and more is always better.
E) A point inside the frontier is inefficient, and represents wasted resources.
Correct Answer:
Verified
Q194: Which of the following events create an
Q197: Inefficiency in an economy can be caused
Q198: Employment discrimination is a source of
A)economic inefficiency.
B)increased
Q205: Figure 3-5 Q206: If the economy of Gwondanaland is growing Q214: If an economy is operating inefficiently, then Q218: If you discover that the opportunity cost Q231: If an economy is producing inefficiently, it Q233: The major coordination tasks can be summarized Q235: When a firm or economy is operating
A)the
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