The following figure depicts a nonlinear production possibilities curve.

-Refer to the figure above.Point E represents a situation that ________.
A) is currently unattainable and can be expected to remain so
B) will be attainable only if there is economic growth
C) results from inefficient use of resources or failure to use all available resources
D) has a higher opportunity cost than do points on the boundary itself

Question

The following figure depicts a nonlinear production possibilities curve.
 
-Refer to the figure above.Point E represents a situation that ________.
A) is currently unattainable and can be expected to remain so 
B) will be attainable only if there is economic growth 
C) results from inefficient use of resources or failure to use all available resources 
D) has a higher opportunity cost than do points on the boundary itself

Quizplus · Accepted Answer

Point E represents a situation that results from inefficient use of resources or failure to use all available resources.

The Following Figure Depicts a Nonlinear Production Possibilities Curve