An inefficient use of resources can be illustrated using a production possibilities curve as:

Question

Quizplus · Accepted Answer

An inefficient use of resources would mean that the economy is producing a combination of goods that is below its production possibilities curve. This would be represented by a point inside the curve. A movement off the curve in a southwest direction, where the economy produces less of both goods, would indicate an inefficient use of resources.

An Inefficient Use of Resources Can Be Illustrated Using a Production