GCE Economics 2024 Objective — Question 2
Question 2 of 50 from the General Certificate of Education (GCE) Economics 2024 Objective paper, with the correct answer and a full explanation.
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Points within a Production Possibilities Curve (PPC) indicate
- A. A. optimum production levels
- B. B. attainable but inefficient production levelsCorrect
- C. C. unattainable production levels
- D. D. attainable and efficient production levels
Explanation
The points within or below or inside the production possibility curve indicates the waste of resources or inefficiency or widespread of unemployment. At this point, production is attainable but resources are not efficiently utilized.
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