Economics
JAMB 2024
Which of the following is not emphasized in a product possibility curve?
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A.
Scarcity of resources
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B.
Unemployment of labour
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C.
Inefficiency in the use of resources
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D.
Economic development
Correct Answer: Option D
Explanation
A product possibility curve, also known as a production possibility frontier or curve, illustrates the different combinations of goods or services that an economy can produce given its available resources and technology. It shows the trade-off between producing one good/service over another.
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