Which of the Following Is the Most Accurate Statement About

question 111

Multiple Choice

Which of the following is the most accurate statement about production possibilities?

• A)an economy can produce only on the production possibilities frontier
• B)an economy can produce at any point inside or outside a production possibilities frontier
• C)an economy can produce at any point on or inside the production possibilities frontier, but not outside the frontier
• D)an economy can produce at any point inside the production possibilities frontier, but not on or outside the frontier