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Refer to the above diagram.Curve (a) is the current production possibilities frontier for the economy.Other things being equal, society's current choice of point P on curve (a) means:
Lateral
Relating to, or situated at, the side of an organ or structure.
Left Lower Quadrant
An area of the abdomen that contains parts of the large and small intestine, left ovary and fallopian tube in women, and the left ureter.
Neutral
Not taking sides in a conflict or dispute; impartial.
Electrical Charge
A physical property of matter that causes it to experience a force when placed in an electromagnetic field, with two types: positive and negative.
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