The fact that we cannot operate at a point outside a production possibilities frontier indicates there is

Question

Quizplus · Accepted Answer

The production possibilities frontier represents the maximum amount of goods and services that can be produced with the given resources and technology. Since resources are scarce, we cannot produce beyond this frontier. Therefore, the fact that we cannot operate at a point outside the production possibilities frontier indicates scarcity.

The Fact That We Cannot Operate at a Point Outside