An Efficient Allocation of Resources Is Demonstrated by a Point

question 167

Multiple Choice

An efficient allocation of resources is demonstrated by a point

• A)above the production possibilities frontier.
• B)below the production possibilities frontier.
• C)on the production possibilities frontier.
• D)near the middle of the production possibilities frontier.

---

Definitions:

Unintentional

Unintentional refers to actions or outcomes that occur without a deliberate plan or intent.

Human Error

Mistakes made by people, especially in the context of work or operating machinery, which can lead to accidents or inefficiencies and are often analyzed for system improvement.

Unintentional

Actions or outcomes that occur without deliberate intent, often resulting in unforeseen consequences or accidents.

Equifax

One of the major credit reporting agencies in the United States, responsible for collecting and maintaining consumer credit information.