Post-UTME Economics 2009 Objective — Question 11
Question 11 of 13 from the Post-UTME Screening (Post-UTME) Economics 2009 Objective paper, with the correct answer and a full explanation.
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Where can Nigeria be located on the production possibility curve?
- A. outside the boundary
- B. on the boundary
- C. inside the boundaryCorrect
- D. it is indeterminate
Explanation
A developing economy like Nigeria, not yet fully utilizing all its resources, is typically placed inside (below) its production possibility boundary.
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