« previous next »

Author Question: Why is a point below the production possibilities curve less efficient than a point on that curve? ... (Read 137 times)

schs14

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
Why is a point below the production possibilities curve less efficient than a point on that curve?
 
  What will be an ideal response?

Question 2

Of the following nations, the country with the highest saving rate is
 
  A) the United States.
  B) Japan.
  C) Mexico.
  D) Ethiopia.


BUTTHOL369

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

A point on the production possibilities curve is efficient because it means the economy is producing the maximum outputs of goods and services with given resources and technology. By contrast, a point below the production possibility curve means that the use of the given resources is not generating the maximum possible outputs of goods and services. Thus, this point represents an inefficient combination of outputs produced with available resources and technology.

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Male tule elk in Point Reyes Male tule elk in Point Reyes
Effect of changing a set point for hypothalamic values Effect of changing a set point for hypothalamic values
Ebbinghaus’s forgetting curve Ebbinghaus’s forgetting curve
How to find the equation of a cosine curve How to find the equation of a cosine curve
. Calculate the net electric field at point B . Calculate the net electric field at point B
The circadian rhythm is a wave-like curve The circadian rhythm is a wave-like curve
Video: Lactation and Breast Feeding

For a complete list of videos, visit our video library