Exhibit 3-4
-Refer to Exhibit 3-4. Considering only points on the frontier, the economy will experience the least amount of economic growth over time (ceteris paribus) if it chooses to produce at:
A)Point A.
B)Point C.
C)Point F.
D)none of the above

Question

​Exhibit 3-4 
-Refer to Exhibit 3-4. Considering only points on the frontier, the economy will experience the least amount of economic growth over time (ceteris paribus) if it chooses to produce at:
A)​Point A. 
B)​Point C. 
C)​Point F. 
D)​none of the above

Quizplus · Accepted Answer

Point F represents the highest possible level of production and therefore the highest potential for economic growth, while Point C is located at the lowest point on the production possibilities frontier and represents a low level of production and economic growth potential. Point A is also not the best choice, as it represents an inefficient use of resources and therefore limited economic growth potential.

​Exhibit 3-4 -Refer to Exhibit 3-4. Considering Only Points on the Frontier

Exhibit 3-4 -Refer to Exhibit 3-4. Considering Only Points on the Frontier