If an economy is inefficient, its actual output combination will lie ______ the production possibilities curve.

1 answer:

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Inside.

If the economy is inefficient, its actual output combination will lie inside the production possibilities curve. This curve represents the opportunities for production in a given economy with the most efficiency being gained by producing along the curve. Any points within or inside the curve are considered inefficient, whereas points outside the curve are considered unavailable or inaccessible without changes in technology or innovation.

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Interest is the price you pay to borrow money or the cost you charge to borrow money. Interest is usually given as an annual percentage of the loan amount. This percentage is called the interest rate on the loan. For example, if you deposit money in a savings account, your bank will pay you interest.

Learn more about interest here:brainly.com/question/2151013

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