Post-UTME Economics 2009 Objective — Question 4
Question 4 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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An output combination below the production possibility boundary indicates that
- A. output is over produced
- B. resources are more than enough for production
- C. resources are maximized
- D. resources are being underutilizedCorrect
Explanation
A point inside (below) the PPF indicates resources are not being fully/efficiently utilized.
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