When there is a movement from point A within the boundary of the PPC to point B on the PPC, it means that (a) the country’s resources are more fully employed. B. A point inside the production possibilities curve is: A. attainable and the economy is efficient. Any point inside the production possibilities curve is a (an) a. efficient point. Prof. Paul A. Samuelson used the concept of the production possibility curve to explain the economic problem of a society. B. attainable, but the economy is inefficient. d. maximum output combination. (c) Singapore's PPC will most likely shift inwards. Any point on the PPC curve. If the economy operates on PPF (like points A, B or C), it means resources are fully and efficiently utilised. O C. resources are not being fully ubilized due to unemployment or inefficiency D. one good has no opportunity cost relative to anothe Click to select your answer 3 4 lab . c) unattainable and efficient. Rightward shift of PPC. This means that the output of product A can only increase if the output of product B decreases. The economy can produce at any point inside the PPC, but doing so means that the economy is inefficient. When inside the PPC, it is possible to get more of both goods by utilizing idle resources, or using resources to their capacity. The point on the PPC where the economy operates depends on how well the resources are utilised. What things will cause the PPC to shift inward or outward? When all these points of different combinations of production of the two goods are joined, they form a Production Possibility Curve. C. unattainable, but the economy is inefficient. For the second question, the answer is B. SURVEY . Inside and along the ppf means that goods are attainable and outside the ppf menas the goods are unattainable and it thereby shows scarcity. Any point inside the production possibilities curve is a (an) a. efficient point. Production Possibility Curve is a graphical representation of alternative production possibilities facing an economy. 7. In a recession, unemployed workers are not producing goods and services, so the economy is not producing its long run potential. Start studying AP-Macroeconomics 1.2 Opportunity Cost and Production Possibilities Curve. The PPC shows the maximum available possibilities which an economy can produce. For polygons see, for example, this link which deals with both ideas. If a point lies inside the curve, this tells the company what? What does point Y represent on the PPC? C)are unattainable. A movement from a point in the PPC to a point on the PPC represents a more efficient use of resources. b) attainable but not efficient. The opportunity cost of 20 more berries is 1 rabbit, but if you assume that this is somewhat linear right over here-- it's not so curved, it's somewhat of a line between those 2 points-- then the opportunity cost of 1 berry is 1/20 of a rabbit. Production Possibility Curve (PPC) is the locus (the path of a moving point) of various combinations of two commodities which can be produced with given level of … If a point lies on the curve this means the company is being efficient. D. Is attainable if all resources are used efficiently. 0 0. 7. If a point lies inside the curve, this tells the company what? One key assumption the PPC makes is that all resources for production are fixed. ANS: c. While operating within the boundaries of the production possibilities curve, more of both goods can be attained if efficiency is improved. 85. answer choices . The points inside the production possibility curve (ppc) are points that indicate inefficient use of the available resouces.and the production technology. B)result in more rapid growth. A point inside the PPF means that resources are not being used efficiently. 5. Inefficency. ... you have to note that you cannot operate at a point beyond the PPC curve. C) a free lunch. 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