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below or to the left of the production possibilities frontier
What else can I help you with?
Where would a point of under utilization appear on a production possibilities graph?
below or to the left of the production possibilities frontier
What does each point on a production possibilities curve show?
an efficient utilization of resources
Where were the point of underutilization appear on a production possibilities graph?
no
A production point beyond the production possibilities frontier represents what?
This represents a production point that could be achieved if there were suffecient resources available.
A point inside the production possibilities curve is.....?
Attainable, but the economy is inefficient.
Where would a point of under utilization appear on a production possibilities graph?
below or to the left of the production possibilities frontier
What does each point on a production possibilities curve show?
an efficient utilization of resources
Where would a point of underutilization appear on a production possibilities?
below or to the left of the production possibilities frontier
Where were the point of underutilization appear on a production possibilities graph?
no
Where would a point of underutilization appear on a product possibilities graph?
below or to the left of the production possibilities frontier
A production point beyond the production possibilities frontier represents what?
This represents a production point that could be achieved if there were suffecient resources available.
In a production possibilities frontier model a point inside the frontier is?
Attainable.
A point inside the production possibilities curve is.....?
Attainable, but the economy is inefficient.
A point that lies outside a country's production possibilities curve mean what?
A point that lies outside a country's production possibilities curve means that the country is not able to produce. The possibility curve shows how a country can efficiently produce.
Where on a production possibilities curve the economy working at its most efficient production levels?
Any point on the PPC curve
Where on a production possibilities curve an economy working below its most efficient production levels is shown?
At any point of underutilization/any point inside of the curve
What could cause a production possibilities curve to move to the left?
There are several things that would do this, the most common being an increase in the price of constituent imports. Therefore, the price of the output would rise (shift to the left) at each constituent point.
