An Economist Claims That Any Point Not on a Production

question 242

Multiple Choice

An economist claims that any point not on a production possibilities frontier cannot be best.What is his reasoning to support this?

• A)A point inside the frontier implies that society is not facing up to the problem of scarcity.
• B)A point inside the frontier limits growth, and growth is always a goal worth pursuing.
• C)A point inside the frontier represents inflation, and inflation is a dangerous situation.
• D)A point inside the frontier results in fewer goods, and more is always better.
• E)A point inside the frontier is inefficient and represents wasted resources.

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Definitions:

Communication

The exchange of information or ideas between individuals through speaking, writing, or another medium.

Reflexive

Automatic response to a stimulus without conscious thought, often protecting the body from harm or facilitating basic functions.

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Babbling is a stage in child language acquisition during which an infant experiments with producing sounds of language, often comprising repeated syllables like "ba-ba" or "da-da," which precedes the development of recognizable words.

Babbling

An early stage of language development in infants, characterized by repetitive sounds and syllables without specific meaning, as a precursor to speech.