Which of the following is not true about a production ...

[tsand2]

Which of the following is not true about a production possibilities curve? The curve:
 a. indicates the combinations of goods and services that can be produced with given technology.
  b. indicates the efficient production points.
  c. indicates the non-efficient production points.
  d. indicates the feasible (attainable) and non-feasible production points.
  e. indicates which production point will be chosen.

Question 2

If an economy is producing at full employment, it means that:
 a. there are idle resources in this economy.
  b. the production is not efficient.
  c. the economy is producing along its production possibilities curve.
  d. the economy is producing at a point that is to the left of the production possibilities curve.
  e. the economy is producing at a point that is to the right of the production possibilities curve.

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Answer to Question 1

e

Answer to Question 2

c

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