All points on a country's production possibilities boundary are
A)allocatively efficient.
B)points at which P = MC for all goods.
C)productively efficient.
D)Pareto optimal.
E)not productively efficient.

Question

Quizplus · Accepted Answer

All points on a country's production possibilities boundary represent the maximum possible combination of goods and services that can be produced with the given resources and technology. Therefore, all points on the production possibilities boundary are productively efficient.

All Points on a Country's Production Possibilities Boundary Are