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If the economy is producing a combination of goods inside its production possibilities frontier, then
  • a)
    workers are on vacation
  • b)
    a significant number of workers have little education
  • c)
    some resources are being wasted
  • d)
    technology must improve before output can increase
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
If the economy is producing a combination of goods inside its producti...
Any point inside the PPC indicates inefficient utilization of resources.
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If the economy is producing a combination of goods inside its production possibilities frontier, thena)workers are on vacationb)a significant number of workers have little educationc)some resources are being wastedd)technology must improve before output can increaseCorrect answer is option 'C'. Can you explain this answer?
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