What Does the Production Possibility Curve Imply About the Resource

question 144

Multiple Choice

What does the production possibility curve imply about the resource allocation?

• A)Only some points on the curve are efficient.
• B)All points on the curve are equally efficient.
• C)A point which lies below the curve is more efficient.
• D)A point which lies above the curve is readily achievable.

---

Definitions:

1790 Naturalization Act

The first law in the United States to establish a national framework for the naturalization of foreign citizens, which limited this process to "free white persons."

Open Immigration

American immigration laws under which nearly all white people could immigrate to the United States and become naturalized citizens.

Thomas Jefferson

A Founding Father of America, the main writer of the Declaration of Independence in 1776, and served as the third President of the United States from 1801 to 1809.