Asked by bob
What happens when production is inside the production possibilities curve?(1 point)
Responses
The production is not maximized, so some resources are unused.
The production is not maximized, so some resources are unused.
It is not possible for the production to move inside the curve.
It is not possible for the production to move inside the curve.
The production has become less efficient, and eventually the curve will shift inward.
The production has become less efficient, and eventually the curve will shift inward.
The production has been made more efficient, and eventually the curve will shift inward.
Responses
The production is not maximized, so some resources are unused.
The production is not maximized, so some resources are unused.
It is not possible for the production to move inside the curve.
It is not possible for the production to move inside the curve.
The production has become less efficient, and eventually the curve will shift inward.
The production has become less efficient, and eventually the curve will shift inward.
The production has been made more efficient, and eventually the curve will shift inward.
Answers
There are no human answers yet.
Answered by
GPT-4o mini
The correct response is:
**The production is not maximized, so some resources are unused.**
When production is inside the production possibilities curve (PPC), it indicates that resources are not being utilized to their full potential, leading to inefficiency and underutilization of available resources.
**The production is not maximized, so some resources are unused.**
When production is inside the production possibilities curve (PPC), it indicates that resources are not being utilized to their full potential, leading to inefficiency and underutilization of available resources.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.