Critical Thinking (Must contain 2+ sentences for full credit…
Critical Thinking (Must contain 2+ sentences for full credit) Explain why point R on the production possibilities frontier below is an inefficient allocation of goods (assuming that the only choices are healthcare and education, and only considering a single period of time). Explain why a society might choose to produce at point R if we assume that there are more than two choices of production and/or multiple time periods are considered?