Solved

A Point on the Frontier of the Production Possibilities Curve

Question 28

Multiple Choice

A point on the frontier of the production possibilities curve is:


A) attainable and the economy is efficient.
B) attainable, but the economy is inefficient.
C) unattainable, but the economy is inefficient.
D) unattainable and the economy is efficient.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q24: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" In line (1)

Q26: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" The above data

Q27: Production possibilities tables for two countries, North

Q30: Assume a household would consume $100 worth

Q31: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the

Q32: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" The vertical intercept

Q33: Macroeconomics explains the behaviour of individual households

Q80: If the equation y = 15 -

Q81: Specialization and trade are beneficial to society

Q145: The fact that the slope of the