Question

    Any point below the concave production possibility

    curve means which of the following? (a) Underutilization of resources (b) Wastage of resources
    A Only (b) Correct Answer Incorrect Answer
    B Neither (a) nor (b) Correct Answer Incorrect Answer
    C Either (a) or (b) or both Correct Answer Incorrect Answer
    D Only (a) Correct Answer Incorrect Answer

    Solution

    The correct answer is C

    Practice Next