The production combinations that fall directly on the production possibilities frontier (curve) are and efficient. (Use one word to fill in the blank.)

The production possibilities frontier, or curve, is a graphical representation of theMultiple choice question.production possibilities theory.production possibilities schedule.production possibilities ladder.consumer possibilities schedule.

Combinations lying the production possibilities frontier are possible but inefficient with the current resources and technology. (Enter one word in the blank.)

Points inside the production possibility frontier areGroup of answer choicesattainable because within what is possible for productioninefficient because not all resources are usedinfeasible because beyond the curveefficient because resources are maximized

When production is characterized by opportunity costs, the resulting production possibilities frontier will be a straight line.

The line (or curve) that represents the combinations of the two goods produced on the production possibilities frontier is a boundary between output levels that are and output levels that are unattainable. (Remember - use only one word to fill in the blank.)