A Point Lying Inside the Production Possibilities Curve

question 19

Multiple Choice

A point lying inside the production possibilities curve

• A)indicates that resources are not being fully or efficiently used.
• B)illustrates resources being used to their fullest potential.
• C)requires more resources than are presently available.
• D)represents an increase in resources.
• E)is not an attainable combination.

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Definitions:

Finished Products

Goods that have completed all stages of production and are ready for sale or distribution to consumers.

Informal Decision Making

A process of making choices or reaching conclusions without formal structures, procedures, or adherence to official policy.

Rule

An established guide or principle governing conduct or procedure within a particular area of activity.

Evidence

Information presented in legal proceedings such as documents, witness testimony, or physical objects, used to establish facts and influence the decision of the court.