Post-UTME Economics 2009 Objective — Question 5
Question 5 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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When all factor inputs are reduced by half, the production possibility curve will shift
- A. upwards
- B. downwards
- C. inwardsCorrect
- D. outwards
Explanation
Reducing available resources shrinks the economy's production capacity, shifting the PPF curve inward.
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