From the graph below, Point E shows--------------
ECONOMICS
JAMB 2023
From the graph below, Point E shows--------------
- A. product inefficiency
- B. product efficiency
- C. productive efficiency
- D. allocative efficiency
Correct Answer: A. product inefficiency
Explanation
Point 'E inside the graph indicates it is technologically inefficient , Underemployed or wide spread unemployment or resources are not fully utilized or production inefficient
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