A. within the production possibility curve
B. outside the production possibility curve
C. along the production possibility curve
D. adequate to meet market demand
Correct Answer:
Option A – within the production possibility curve
Explanation
Point inside the production possibility curve indicate that resources are not fully employed or inefficient use of resources or there is widespread unemployment.
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…