Following is the production possibilities schedule for an economy producing two goods, Good A and Good B.Table 2.1

-A point inside a nation's production possibilities curve can represent:

Question

Following is the production possibilities schedule for an economy producing two goods, Good A and Good B.Table 2.1
 
-A point inside a nation's production possibilities curve can represent:

Quizplus · Accepted Answer

Points inside a nation's production possibilities curve represent underutilization of resources, which can occur during a recession. Economic growth, technological advancements, and improvements in living standards typically push the curve outward, while an increase in population size can shift the curve depending on how it affects the labor force and resources.

Following Is the Production Possibilities Schedule for an Economy Producing