Exhibit 2-4
-Which of the following points in Exhibit 2-4 represents an inefficient use of the economy's resources?

Question

Exhibit 2-4 
-Which of the following points in Exhibit 2-4 represents an inefficient use of the economy's resources?

Quizplus · Accepted Answer

Point f is an inefficient use of resources because it is inside the production possibilities frontier (PPF). This means that the economy can produce more of one or both goods without sacrificing the production of the other. All other points on the PPF represent efficient use of resources.

Exhibit 2-4 -Which of the Following Points in Exhibit 2-4 Represents an 2-4