A Point Beyond the Boundary of an Economy's Production Possibilities

question 132

Multiple Choice

A point beyond the boundary of an economy's production possibilities curve is:

• A)​efficient.
• B)in​efficient.
• C)​attainable.
• D)un​attainable.

---

Definitions:

Deregulation

The removal of most or even all of the government regulation and laws designed to supervise an industry. Sometimes undertaken to combat regulatory capture.

Economists

Experts or professionals who study, develop, and apply theories and concepts in economics to analyze how societies utilize scarce resources.

Monopoly

A market condition where a single firm has exclusive control over a product or service, eliminating competition.

Negative Externalities

Adverse effects suffered by a third party or the public as a result of an economic transaction or activity.