Solved

If Production Point Is Inside the Production Possibilities Frontier

Question 268

Multiple Choice

If production point is inside the production possibilities frontier


A) it is not possible to produce more of both goods.
B) production is inefficient.
C) in order to produce more of one good, less of the other must be produced.
D) production is in the "unattainable" region.

Correct Answer:

verifed

Verified

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

Related Questions

Q263: The production possibilities frontier itself shows<br>A) the

Q264: Suppose that the government is trying to

Q265: As a person consumes more of a

Q266: A tradeoff is illustrated by<br>A) a point

Q267: In the United States, Texas ranks number

Q269: The United States has an absolute advantage

Q270: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Refer to the

Q271: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the figure

Q272: What is comparative advantage? Give an example.

Q273: Missouri can produce 10,000 tons of pecans