Suppose the United States produces only two goods: wheat and computers. The following graph shows the United States’s current production possibilities frontier (also known as the production possibilities curve), along with six output combinations represented by black points (+ symbols) labeled A to F.
A - Productive efficient, attainable
B - Productive efficient, attainable
C - Productive inefficient, attainable
D - Productive inefficient, attainable
E - Unattainable
F - Unattainable
Explanation: The points on the production possibility frontier (Point A and B) are both efficient and attainable as these are the maximum combinations which can be produced with the given resources. The points inside the production possibility frontier (Point C and D) are attainable but inefficient because the economy can produce more with the given resources. The points outside the production possibility frontier (Point E and F) are unattainable because the economy does not have enough resources to produce at these points.
Suppose the United States produces only two goods: wheat and computers. The following graph shows the...
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