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There is unemployment of resources when production is

Economics
WAEC 2022

There is unemployment of resources when production is

  • A. within the production possibility curve
  • B. outside the production possibility curve
  • C. along the production possibility curve
  • D. adequate to meet market demand
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Correct Answer: Option A
Explanation

Point inside the production possibility curve indicate that resources are not fully employed or inefficient use of resources or there is widespread unemployment.

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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts