All of the Points Inside a Production Possibilities Frontier Are

question 141

Multiple Choice

All of the points inside a production possibilities frontier are ____; all of the points outside the production possibilities frontier are ____.

• A)efficient; inefficient
• B)optimal; irrational
• C)attainable; unattainable
• D)rational; zero-cost
• E)unattainable; efficient

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Definitions:

Operating Activities

Transactions and events that relate to the primary operations of a company, such as sales, purchases, and expenses.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services provided on credit.

Operating Activities

Cash flows related to the main or core business activities of an entity, such as sales of goods and services.

Notes Payable

A financial obligation or written promissory note requiring the borrower to pay back the lender the principal amount plus any interest by a specified date.