Solved

A Point on the Frontier of the Production Possibilities Curve

Question 3

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 and the economy is inefficient.
D) unattainable, but the economy is efficient.

Correct Answer:

verifed

Verified

Related Questions

Q1: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9951/.jpg" alt=" -Refer to

Q2: The following economy produces two products.<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9951/.jpg"

Q4: When an economy is at full employment

Q5: If a consumer has an income of

Q6: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9951/.jpg" alt=" - In the

Q7: A movement along the production possibilities curve

Q8: Society wants to use its scarce resources

Q9: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9951/.jpg" alt=" In the graph

Q10: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9951/.jpg" alt=" Refer to the

Q11: Suppose there are two economies, Alpha and