Consider the Production Possibilities Frontier (PPF) above which shows two possible outputs of a hypothetical economy — cars on the vertical axis (output 2) and laptops along the horizontal axis (output 1). Answer these two questions (a few sentences each):
#1) Can society currently produce at any point from A through D? Why or why not?
#2) Which point or points are considered efficient ones for society to produce with its existing resources and why?