A point inside a production possibilities frontier OA. is unattainable. OB. indicates that some resources are unemployed. OC. implies that too much capital and not enough labor is being used. D. is more efficient than points on the production possibilities frontier.

A point inside a production possibilities frontier OA. is unattainable. OB. indicates that some resources are unemployed. OC. implies that too much capital and not enough labor is being used. D. is more efficient than points on the production possibilities frontier.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section: Chapter Questions

Problem 3CQQ

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Question

A point inside a production possibilities frontier
OA. is unattainable.
B. indicates that some resources are unemployed.
OC. implies that too much capital and not enough labor is being used.
O D. is more efficient than points on the production possibilities frontier.

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