Multiple Choice
If an economy is operating at a point that is inside of its production possibilities frontier, then it can be assumed that its resources are
A) efficiently allocated.
B) overutilized.
C) fully utilized.
D) underutilized.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q285: The graph we could draw to represent
Q286: Imagine two countries with identical endowments of
Q287: (Figure: Bread and Honey) In the graph,
Q288: In an eight-hour day, Isabel can produce
Q289: (Figure: Biscuit and Cookies PPFs) Greg and
Q291: Which is NOT a source of economic
Q292: A production possibilities frontier with increasing opportunity
Q293: (Figure: Bread and Honey) Which point in
Q294: Suppose the country of Alphaland can produce
Q295: Much of the economic growth we have