A Point Outside the Production Possibilities Frontier

question 118

Multiple Choice

A point outside the production possibilities frontier

• A)represents unemployment of resources
• B)represents full employment of resources
• C)would not represent an efficient combination of goods
• D)cannot be reached using the available technology
• E)is less desirable than one that lies inside the frontier

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Definitions:

Plus Four Estimate

A technique in estimating a binomial proportion and its confidence interval by adding four observations, two of which are successes and two are failures.

Population Proportion

The fraction or percentage of a population that exhibits a specific attribute or characteristic.

Small Bag

A compact container used for carrying personal items or goods.

Population Proportion

A measure indicative of the part of the entire population that possess a certain trait or feature.