In terms of the production possibility frontier,the inefficient use of available resources is shown by:
A) an increase in the labour force growth rate.
B) a movement from one point to another along the production possibility frontier.
C) an inward shift of the production possibility frontier due to the lack of opportunity.
D) production at a point inside the production possibility frontier.

Question

Quizplus · Accepted Answer

Production at a point inside the production possibility frontier indicates that not all available resources are being used efficiently. This could be due to various reasons like inadequate technology, lack of skilled labor, or inefficient allocation of resources.

In Terms of the Production Possibility Frontier,the Inefficient Use of Available