According to Figure 2.4, Point F

A) is efficient and attainable.
B) represents underallocation of resources.
C) represents what the people want.
D) cannot be produced with the current state of technology.

Underallocation

Refers to the situation where resources are not distributed or utilized efficiently, leading to potential shortages or unmet demand in certain areas.

Technology

The application of scientific knowledge for practical purposes, especially in industry and the economy.

Resources

Inputs used in the production of goods and services, such as labor, capital, land, and entrepreneurship.