A. resources are fully utilized
B. the country is poor
C. some resources are idle
D. resources are not available
Correct Answer:
Option 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.
300 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…