Inefficient use of a nation's resources would
A)be depicted as a point inside or below a production possibilities curve.
B)be depicted as a point on a production possibilities curve.
C)shift a production possibilities curve outward.
D)cause the economy's production possibilities curve to bow inward.
E)be depicted as a point outside or above a production possibilities curve.

Question

Quizplus · Accepted Answer

A point inside or below a production possibilities curve indicates that the economy is not using all of its resources efficiently, as it is producing less than it is capable of given its current level of resources and technology.

Inefficient Use of a Nation's Resources Would