According to the production possibilities frontier above, a movement from the inside curve to the outside curve represents inefficiency in the economy. an unattainable point in the economy. economic growth in the economy. a decrease in resources. a change from unemployment to full employment of resources in the economy.

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.