Question: Which point ( s ) are inefficient? Briefly explain why. A . Point E because production there is not using all available resources. B .
Which points are inefficient? Briefly explain why.
A Point because production there is not using all available resources.
B Point A because it is unattainable.
C Points B C D and A because they are unattainable.
D Points and because they are on the production possibilities frontier.
E Points E B C and D because they are attainable.
At which point is the country's future growth rate likely to be the highest? Briefly explain why.
A Point because it is an efficient point where a mix of capital and consumption goods are produced.
B Point A because it is where the production possibilities frontier will shift with growth.
C Point because it is where resources are saved for investments.
D Point because it is where the most resources are used to produce capital goods
E Point because it is where the most resources are used to produce consumption goods.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
