Refer to the above production possibilities curves.Curve (a)is the current curve for the economy.Given production possibilities curve (a),point N suggests that the economy is:
A) attaining full employment but not full production.
B) attaining full production but not full employment.
C) using its available resources inefficiently.
D) attaining both full employment and full production.

Question

Refer to the above production possibilities curves.Curve (a)is the current curve for the economy.Given production possibilities curve (a),point N suggests that the economy is:
A) attaining full employment but not full production. 
B) attaining full production but not full employment. 
C) using its available resources inefficiently. 
D) attaining both full employment and full production.

Quizplus · Accepted Answer

The Answer of  Refer to the above production possibilities curves.Curve (a)is the current curve for the economy.Given production possibilities curve (a),point N suggests that the economy is:
A) attaining full employment but not full production. 
B) attaining full production but not full employment. 
C) using its available resources inefficiently. 
D) attaining both full employment and full production.

Refer to the Above Production Possibilities Curves