Exhibit 2-4

-Refer to the exhibit.Which of the following points represents an inefficient use of the economy's resources?

Question

Exhibit 2-4
 
-Refer to the exhibit.Which of the following points represents an inefficient use of the economy's resources?

Quizplus · Accepted Answer

Point C represents an inefficient use of resources because it is inside the production possibility frontier (PPF). This means that the economy is not utilizing all of its resources to produce goods and services, and therefore, it is not maximizing its potential output. Points A, B, D, E, F, and G are all efficient points on the PPF because they represent the maximum output of one good given the production of the other good.

Exhibit 2-4 -Refer to the Exhibit.Which of the Following Points Represents an Following