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      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

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