Which of the following statements about the production possibilities frontier (PPF) is false?

Question

BlackTom AI · Accepted Answer

The question asks which statement about the production possibilities frontier (PPF) is false, but the provided data shows no list of answer options to evaluate.

Nonetheless, we can reason about the concept of the PPF and test the single statement given in the answer field as if it were the option under scrutiny: 'Points beyond the PPF can be achieved with efficient use of current technology.'

First, recall what the PPF represents: it maps the maximum feasible combinations of two goods that an economy can produce given its resources and technology. Any point on the frontier is fully utilizing resources (efficient), while points inside indicate inefficiency, and points outside are unattainable with current technology and resources.

Therefore, a statement claiming that points beyond the PPF can be achieved with efficient use of current technology contradicts the fundamental meaning of the PPF. If technology and resources are fixed, you cannot produce beyond the frontier, regardless of efficiency; achieving outputs beyond the frontier would require improved technology or more resources, not merely better efficiency.

Consequently, the statement that points beyond the PPF can be achieved with efficient use of current technology is false, because efficiency cannot expand the attainable set beyond the cap defined by current technology and resources.

In contrast, if there were other options, we would examine each for accuracy: true statements would align with the idea that points on the frontier are efficient and attainable, points inside are attainable but inefficient, and points outside are unattainable with current technology. Any assertion that emphasizes unattainability without technological progress, or that efficiency alone can push outcomes beyond the frontier, would be incorrect.

ECON 2010-090 Summer 2025 Midterm Exam

Which of the following statements about the production possibilities frontier (PPF) is false?

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