A
Ashi D
Guest
"Lawns produce no crops but occupy more land in the US than any single crop. This means the US is operating inefficiently and hence is at a point inside the production possibility curve. Right? If not what does it mean?"
This is one of the questions my Econ teacher gave us to work on to prepare us for our upcoming test, I'm just confused as to the answer. In economic terms the statement is correct right? We have all this land occupied by nothing so that would mean we're operating inefficiently?
This is one of the questions my Econ teacher gave us to work on to prepare us for our upcoming test, I'm just confused as to the answer. In economic terms the statement is correct right? We have all this land occupied by nothing so that would mean we're operating inefficiently?