Answered

Points on the production possibility curve/frontier are:

A. unattainable
B. implying economic growth is needed
C. efficient
D. inefficient



Answer :

GinnyAnswer

Final answer:

The Production Possibility Frontier (PPF) categorizes points as unattainable, efficient, or inefficient based on resource utilization and trade-offs.


Explanation:

Points on the PPF (Production Possibility Frontier) can be categorized into different categories:

  1. Unattainable: Points outside the PPF that cannot be currently achieved.
  2. Efficient: Points on the PPF where resources are fully utilized.
  3. Inefficient: Points inside the PPF where resources are underutilized or wasted.

The PPF reflects the trade-off between producing different goods/services efficiently, with choices beyond the PPF being unattainable given current resources.


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