IF AN ECONOMY IS PRODUCING AT A POINT INSIDE A PRODUCTION POSSIBIL...

87. If an economy is producing at a point inside a production possibilities curve:the economy is efficient.there is economic growth.→ resources are unemployed.resources are fully employed. AACSB: AnalyticBlooms: RememberDifficulty: 2 MediumLearning Objective: 01-05 Apply production possibilities analysis; increasing opportunity costs; and economic growth.Multiple Choice Question Topic: Production possibilities model