Which of the following is a point that lies outside the production possibilities frontier?
A) a point that represents unemployment of resources
B) a point that represents full employment of resources
C) a point that does NOT represent an efficient combination of goods
D) a point that cannot be reached using the available technology
Correct Answer:
Verified
Q83: Exhibit 2-4 Q84: Exhibit 2-4 Q85: Exhibit 2-4 Q86: Assume that an economy has a straight Q87: Exhibit 2-4 Q89: Why would a production possibilities frontier be Q90: What does "efficiency" refer to? Q91: What do points outside the production possibilities Q92: Assume that an economy has a bowed-out Q93: Exhibit 2-4 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
![]()
![]()
![]()
![]()
A) producing output
![]()