The Great Recession of 2008-2009 with a large number of workers and factories un

Question

The Great Recession of 2008-2009 with a large number of workers and factories unemployed would be represented in a production possibilities frontier graph by A.  a point on the frontier. B.  a point inside the frontier. C.  an intercept on either the vertical or the horizontal axis. D.  a point outside the frontier The Great Recession of 2008-2009 with a large number of workers and factories unemployed would be represented in a production possibilities frontier graph by A.  a point on the frontier. B.  a point inside the frontier. C.  an intercept on either the vertical or the horizontal axis. D.  a point outside the frontier

Explanation / Answer

B.  a point inside the frontier.

Points inside the frontier represent underutilization of resources . It depicts inefficieny or wastage of resources . Unemployed workers and factories means that economic resources are not fully utilized .

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