WAEC Economics 2018 Objective — Question 2
Question 2 of 50 from the West African Examinations Council (WAEC) Economics 2018 Objective paper, with the correct answer and a full explanation.
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Which of the following is not emphasized in a production possibility curve?
- A. scarcity of resources
- B. economic developmentCorrect
- C. inefficiency in the use of resources
- D. unemployment of labour
Explanation
The production possibility curve (PPC) is concerned with resources, labour and output/efficiency — economic development itself is not directly addressed by the PPC.
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