Figure 6.3.1.
-Look at the macro production possibilities frontier in Figure 6.3.1. Which current point leads to the most economic growth in the future?
A) a
B) b
C) c
D) d
E) none of the above

Question

Figure 6.3.1. 
-Look at the macro production possibilities frontier in Figure 6.3.1. Which current point leads to the most economic growth in the future?
A) a 
B) b 
C) c 
D) d 
E) none of the above

Quizplus · Accepted Answer

Point C, located on the production possibilities frontier, indicates an efficient allocation of resources. Economic growth is maximized when resources are used efficiently, allowing for potential shifts in the frontier outward, indicating growth.

Figure 6.3.1. -Look at the Macro Production Possibilities Frontier in Figure 6.3.1