Knowledge of the point on the production frontier chosen by a society can be enough information to answer the how question.

Question

Quizplus · Accepted Answer

Knowledge of the point on the production frontier chosen by a society only provides information about what is being produced and how efficiently it is being produced. It does not provide information about how resources are allocated, who is receiving the goods and services, and other important distributional considerations that are critical to fully answering the how question.

Knowledge of the Point on the Production Frontier Chosen by a Society