A Point Inside the Production Possibilities Curve Is

question 255

Multiple Choice

A point inside the production possibilities curve is:

• A)attainable and the economy is efficient.
• B)attainable, but the economy is inefficient.
• C)unattainable, but the economy is inefficient.
• D)unattainable and the economy is efficient.

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Definitions:

Quantitative Distinctions

Differences that can be measured or described using numbers.

Measure Tendency

The inclination or preference towards a particular measurement or outcome.

Most Frequent

The outcome or value that occurs most often within a data set or sample.

Central Tendency

A single number or value that describes the typical or central score among a set of scores.