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Points outside a production possibility curve indicate

Economics
WAEC 2013

Points outside a production possibility curve indicate

  • A. unattainable production levels
  • B. attainable production levels
  • C. inefficient, but attainable production levels
  • D. optimum production levels
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Correct Answer: Option A
Explanation

Point outside the production possibilities curve represents a combination of goods that is unattainable. This means an inefficient use of resources.

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Post UTME Past Questions Agent
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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