Question

Economic discrimination puts the economy inside its production possibilities curve because

a. It reduces overall production efficiency
b. It limits resource allocation
c. It hinders technological advancement
d. It affects consumer preferences

Answer 1

Economic discrimination puts the economy inside its production possibilities curve because it reduces overall production efficiency, limits resource allocation, and hinders technological advancement.

Step-by-step explanation:

Economic discrimination puts the economy inside its production possibilities curve because it reduces overall production efficiency, limits resource allocation, and hinders technological advancement. When individuals or groups are discriminated against in the economy, they may be denied equal access to resources, opportunities, and advancements, leading to a decrease in economic output and efficiency.

For example, if certain individuals are not given the same educational or employment opportunities due to discrimination, their potential contributions to the economy will be limited, ultimately affecting overall production efficiency and economic output.