Which of the following is true about the point on a nations-08973
Which of the following is true about the point on a nations production-possibilities curve?
This multiple choice question (MCQ) is related to the book/course
vu eco401 Economics.
It can also be found in
vu eco401 Mid Term - Quiz No.3.
Which of the following is true about the point on a nations production-possibilities curve?
It shows an undesirable combination of goods and services.
It shows the combinations of production that are unattainable, given current technology and resources.
It shows the level of production that will cause both unemployment and inflation.
It shows that resources are fully employed in producing a particular combination of goods and services.
