Questions: Points lying inside the production possibilities curve are attainable but reflect less total output than can be produced.
Transcript text: Multiple Choice Question
Points lying $\qquad$ the production possibilities curve are attainable but reflect less total output than can be produced.
along
inside
on
beyond
Solution
Answer
The answer is inside.
Explanation
Option 1: Along
Points along the production possibilities curve represent efficient production levels where resources are fully utilized. These points reflect the maximum possible output given the available resources and technology.
Option 2: Inside
Points inside the production possibilities curve are attainable but reflect less total output than can be produced. This is because resources are not being used to their full potential, indicating inefficiency or underutilization.
Option 3: On
Points on the production possibilities curve represent efficient production levels where all resources are fully utilized. These points indicate the maximum output that can be achieved with the given resources and technology.
Option 4: Beyond
Points beyond the production possibilities curve are unattainable with the current resources and technology. These points represent levels of output that cannot be achieved unless there is an increase in resources or an improvement in technology.