A point X inside the production possibility curve indicates that
ECONOMICS
WAEC 2019
A point X inside the production possibility curve indicates that
- A. resources are fully utilized
- B. the country is poor
- C. some resources are idle
- D. resources are not available
Correct Answer: C. some resources are idle
Explanation
Point X in the production possibility curve represents an inefficient use of resources, while points A, B, and C on the PPF curve represent the most efficient use of resources by the economy.
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