A Point Inside a Production Possibilities Frontier

question 181

Multiple Choice

A point inside a production possibilities frontier

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

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Definitions:

Statutory Period

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Emancipated

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Reaffirmation

An agreement made by a bankruptcy debtor to continue paying a dischargeable debt after the bankruptcy, usually in order to keep collateral or mortgaged property.

Cosign

To sign a legal document alongside another person, often agreeing to share the responsibility for fulfilling the terms of the document, such as repaying a loan.