Consider the PPF shown in the graph below to answer the question. Given current resources and technology, the attainable range is best described as:

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BlackTom AI · Accepted Answer

To analyze the question, we first restate what the PPF represents: with current resources and technology, the attainable range consists of all combinations of goods that can be produced either inside the curve (underutilization or inefficient production) or on the curve (efficient production with full resource use).
Option a: 'Area I: points inside the PPF and points on the PPF.' This correctly includes all feasible production points: inside the curve where resources are not fully utilized, and on the curve where production is at maximum given resources. It captures both inefficient and efficient attainable outcomes, which matches the typical interpretation of the attainable range.
Option b: 'all points on the PPF.' This would exclude any inside-the-curve combinations, which are also attainable (though inefficient). Therefore it omits feasible options and is too restrictive.
Option c: 'Area I: points inside the PPF.' This excludes points on the PPF, which are attainable as well and represent efficient production. Thus it misses the full set of attainable outcomes, not just the interior.
Option d: 'Area O: points outside the PPF and points on the PPF.' Points outside the PPF are unattainable with current resources and technology, so including Area O is incorrect; while including on-PPF points is true, the statement as a whole is misleading because it pairs unattainable regions with attainable ones.
In summary, only Option a correctly characterizes the attainable range by including both interior—and on-curve—production points, whereas the other choices either omit attainable interior points, omit on-curve points, or wrongly include unattainable regions.

THC - MCD2020 - T3 - 2025 Homework Quiz 1 - Foundations of Economics and Gains from Trade

Consider the PPF shown in the graph below to answer the question. Given current resources and technology, the attainable range is best described as:

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