Multiple Choice
A point inside a production possibilities frontier
A) could indicate that resources are misallocated.
B) is more efficient than a point on the production possibilities frontier.
C) reflects the fact that more technology needs to be developed to fully employ all resources.
D) implies that too much labor and not enough capital is being used.
Correct Answer:

Verified
Correct Answer:
Verified
Q199: Opportunity cost is represented on the production
Q200: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q201: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the production
Q202: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure above
Q203: Which of the following is TRUE regarding
Q205: What factors generate economic growth?
Q206: The fact that individual productive resources are
Q207: The fact of increasing opportunity costs means
Q208: Allocative efficiency occurs when it is<br>A) possible
Q209: A country that has an absolute advantage