$2,34\mathrm{.}3,7$

Question $17$ of $21$

$K$

Use the following production possibilities frontier for a country to answer the following questions. Which point$($s$)$ are unattainable? Briefly explain why.

Point $Z$ because it is outside the production possibilities frontier

Points $W,x,$ and $Y$ because they are on the production possibilities frontier.

None of the points because they all are feasible

All the points because the production of each has an opportunity cost

Point $V$ because it is inside the production possibilities frontier.

Which point$($s$)$ are efficient? Briefly explain why.

Points $W,x,$ and $Y$ because this is where maximum output is produced with available resources.

Points $V,W,x,$ and $Y$ because they are attainable.

Point $W$ because it is where the most resources are used to produce capital goods

Point $Z$ because it is where the most capital and consumption goods combined are produced.

Point $V$ because it is inside the production possibilities frontier

Which point$($s$)$ are inefficient? Briefly explain why.

A$.$ Points $V,W,x,$ and $Y$ because they are attainable.

B$.$ Points $W,x,$ and $Y$ because they are on the production possibilities frontier

C$.$ Point $V$ because production there is not using all available resources.

D$.$ Point $Z$ because it is unattainable.

E$.$ Points $W,x,Y,$ and $Z$ because they are unattainable.