Suppose a nation is currently producing at a point inside its production possibilities frontier. We know that.

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12-01-2022
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Suppose a nation is currently producing at a point inside its production possibilities frontier. We know that.

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Tundexi Tundexi · Answer 1 · 2022-01-26T11:15:51+01:00

When a nation is producing at a point inside its production possibilities frontier, it means the producers therein are not using all available resources into production.

What is Production possibility frontier?

A Production possibility frontier is a graphical representation of product combinations that an economy can produce with a given resources & technology.

In conclusion, if a nation is producing at a point inside its production possibilities frontier, it means the producers therein are not using all available resources into production.