The answer to the given question is explained and given below.
B. It indicates the allocatively efficient point.
The purpose of using a production possibilities curve is to analyse the production capacity and then the indication of allocation of efficient point.
To know a production capacity is important to understand the possible sales.
The correct answer to the given question is given and explained above.
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The homestead act allowed settlers from the west settle on land, only paying a small fee. but they must stay on their land for 5 years before getting the land. They were allowed to leave the land but must be present when the inspector comes to see how they are doing.
Georgia was the last British colony founded in North America in 1732. The first was named Virginia (which is now North Carolina).
