A Situation in Which Resources Are Either Wasted or Misallocated

Multiple Choice

A situation in which resources are either wasted or misallocated or both is illustrated by

A) any point on either the horizontal or the vertical axis.
B) a point above or to the right of the production possibilities frontier.
C) a point outside the production possibilities frontier.
D) a point inside the production possibilities frontier.
E) a point on or inside the production possibilities frontier.