Which of the following statements regarding the production possibilities frontier is true?
A) Points inside the frontier are attainable.
B) Points on the frontier are less efficient than points inside the frontier.
C) Points outside the frontier are attainable.
D) None of the above because all of the above statements are false.

Question

Quizplus · Accepted Answer

Points inside the frontier are attainable, meaning that they represent combinations of goods that a country can produce using its resources efficiently. Points beyond the frontier are unattainable because they require more resources than are currently available. Points on the frontier represent the most efficient use of available resources. Therefore, statement A is the only true statement.

Which of the Following Statements Regarding the Production Possibilities Frontier