A production point that lies outside the Production Possibilities Curve (PPC)

Name: A production point that lies outside the Production Possibilities Curve (PPC)
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

A production point that lies outside the PPC is currently not attainable given the resources and technology available. It does not necessarily denote inefficiency or indicate unemployment. However, it does not mean that it can never be reached in the future if there are advancements in technology or an increase in resources.

A Production Point That Lies Outside the Production Possibilities Curve