The fact that we are operating at a point inside a bowed out production possibilities frontier, indicates there is

Name: The fact that we are operating at a point inside a bowed out production possibilities frontier, indicates there is
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Operating inside the production possibilities frontier indicates that not all resources are being used efficiently, which often points to unemployment or underutilization of resources, rather than scarcity or the nature of opportunity costs.

The Fact That We Are Operating at a Point Inside