Which of the following cannot be determined from a nation's position relative to its production possibilities frontier?
A)whether it is producing efficiently
B)whether it has unemployed resources
C)the opportunity cost of each good illustrated
D)the society's relative preferences regarding each good illustrated
E)the price of each good illustrated

Question

Quizplus · Accepted Answer

The position of a nation's production possibilities frontier can give information about its production efficiency and the opportunity cost of each good illustrated, as well as whether there are any unemployed resources. However, it cannot determine the society's relative preferences regarding each good or the price of each good. These factors are influenced by external factors such as market demand and consumer preferences.

Which of the Following Cannot Be Determined from a Nation's