객관식
A point inside the production possibilities frontier is
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2. Introductory Economic Models
Production Possibilities Frontier (PPF) - Introduction and Productive Efficiency
객관식
What does a point inside vs. on the production possibilities frontier represent?
A
A point on the PPF indicates allocative efficiency matching consumer preferences; a point inside indicates productive efficiency but not allocative efficiency.
B
A point on the PPF is unattainable with current resources; a point inside represents the maximum possible output given resources.
C
A point on the PPF indicates zero opportunity cost; a point inside indicates positive opportunity cost due to trade-offs.
D
A point on the PPF shows productive efficiency (full use of resources); a point inside shows inefficiency or underutilized/unemployed resources.
검증된 단계별 안내1
Understand that the Production Possibilities Frontier (PPF) represents the maximum possible output combinations of two goods or services an economy can achieve when all resources are fully and efficiently utilized.
Recognize that a point on the PPF curve means the economy is operating at productive efficiency, which implies full employment of resources and maximum output without waste.
Identify that a point inside the PPF indicates that the economy is not using all its resources efficiently, meaning there is underutilization or unemployment of resources, leading to less than maximum possible output.
Note that points outside the PPF are unattainable with current resources and technology, representing production levels beyond the economy's capacity.
Remember that the PPF illustrates opportunity costs: moving along the curve shows the trade-offs between producing different goods, but points inside the curve do not reflect these trade-offs fully because resources are not fully employed.
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