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A point inside the production possibilities curve is.....?
Attainable, but the economy is inefficient.
Is an economy is efficient when it has achieved full production?
The economy is efficient only when it has achieved full employment and full production
How does a production possibilities curve illustrate how efficient an economy is?
A production possibilities curve illustrates how efficient an economy is by indicating the possibly opportunities in the economy. This will also illustrate the relevant costs entailed in the production.
What are some true statements about the industrial revolution and capitalism?
(Nova-Net) New technology made production much more efficient.
Use a production possibilities frontier to describe the idea of efficiency?
Efficiency is greatest when diminishing returns is at its most efficient point. In a possibilities frontier if I have two items, I want to make sure I am not over-producing one item or the other because then my opportunity costs are high and that is inefficient.
What is the opposite of efficient?
Uneconomical, wasteful or inefficient.
What is the positive name of inefficient?
EFFICIENT
What is the opposite of inefficient?
The opposite would be efficient.
Why staticallocation schemeis in-efficient?
Why static allocation scheme is inefficient
How efficient is solar power of energy?
It is very inefficient. The best and most expensive systems are only about 10% efficient.
What is a sentence using the word inefficient?
The management decide to improve the inefficient elements of their factory to help improve production.
What is the suffix to efficient?
Usefully, usefulness.
It is very efficient to drive a large truck to and from school definition?
No, it is probably very inefficient.
How much efficient is geothermal energy?
It is usually not energy that is efficient or inefficient. Rather, the technology used to extract it may be efficient or inefficient. In the case of any heat energy, the upper limit to the efficiency is given by the Carnot equation for heat engines, and depends on the temperature of the heat source, as well as the environmental temperature.
A point inside the production possibilities curve is.....?
Attainable, but the economy is inefficient.
Is a electrical or natural gas heater for my home more efficient?
Gas heaters are much more efficient. Electric resistance heaters are, by nature, hideously inefficient.
Is an economy is efficient when it has achieved full production?
The economy is efficient only when it has achieved full employment and full production
