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AP® Macroeconomics

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Position on the Curve

APMACR-44YYED

What is known about alternative X if it is located below the production possibilities curve?

A

Alternative X is experiencing productive efficiency.

B

Alternative X is experiencing allocative efficiency.

C

Alternative X represents an unattainable point.

D

Alternative X is experiencing a shortage of resources.

E

Alternative X is under-utilizing its resources.