Any point on a country's production possibilities frontier represents a combination of two goods that an economy
A)will never be able to produce.
B)can produce using all available resources and technology.
C)can produce using some portion,but not all,of its resources and technology.
D)may be able to produce in the future with more resources and/or superior technology.

Question

Quizplus · Accepted Answer

A point on a country's production possibilities frontier represents the maximum combination of two goods that an economy can produce using all available resources and technology. It is the most efficient point attainable with the current resources and technology. Any point inside the frontier represents an inefficient use of resources, while any point outside the frontier is currently unattainable. However, improvements in technology or an increase in resources may allow the economy to produce beyond the current production possibilities frontier in the future.

Any Point on a Country's Production Possibilities Frontier Represents a Combination