Unemployment or underemployment is shown by a point located inside the production possibilities curve.

Name: Unemployment or underemployment is shown by a point located inside the production possibilities curve.
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Question

Quizplus · Accepted Answer

A point inside the production possibilities curve indicates that resources are not being fully utilized, which can be due to unemployment or underemployment, as the economy is not operating at its maximum potential output.

Unemployment or Underemployment Is Shown by a Point Located Inside