Any combination of goods that can be produced with currently available resources defines a(n):
A) attainable point on a production possibilities curve.
B) efficient point on a production possibilities curve.
C) inefficient point on a production possibilities curve.
D) attainable and efficient point on a production possibilities curve.

Question

Quizplus · Accepted Answer

An attainable point on a production possibilities curve is any combination of goods that can be produced with currently available resources. This means that there is no waste or underutilization of resources, but it doesn't necessarily mean that it is an efficient use of resources.

Any Combination of Goods That Can Be Produced with Currently