Production efficiency occurs when production ( ).
A: is at a point beyond the production possibilities frontie
B: is on the production possibilities frontier or inside it
C: is at any attainable point
D: is on the production possibilities frontie
A: is at a point beyond the production possibilities frontie
B: is on the production possibilities frontier or inside it
C: is at any attainable point
D: is on the production possibilities frontie
举一反三
- On a production possibilities frontier, production is efficient if the production point is
- Any production point outside the production possibilities frontier _______ A: is unattainable B: is associated with unused resources C: is attainable only if prices fall. D: is attainable only if prices rise
- Production points inside the production possibilities frontie A: are unattainable. B: are attainable only with the full utilization of all resources. C: are associated with unused or misallocated resources. D: esult in more rapid growth.
- If an economy is represented by a point inside its production possibilities curve:
- Refer to the production possibilities frontier in the figure above. Production point ________ represents an ________ production point. A: b; unattainable. B: c; unattainable. C: e; inefficient. D: c; inefficient.