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Question
a point inside the ppc means that
a. one good has no opportunity cost relative to another.
b. this particular economy has no comparative advantage in production any economic good.
c. economic growth has taken place.
d. resources are not being fully utilized due to unemployment or inefficiency.
The Production - Possibility Curve (PPC) shows the maximum possible output combinations of two goods or services an economy can achieve when all its resources are fully and efficiently employed. A point inside the PPC indicates that the economy is not using its resources to their full potential, which can be due to unemployment of labor or inefficiency in the use of resources.
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D. resources are not being fully utilized due to unemployment or inefficiency.