WAEC Economics 2020 Objective — Question 2
Question 2 of 50 from the West African Examinations Council (WAEC) Economics 2020 Objective paper, with the correct answer and a full explanation.
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When the production possibility curve shifts outwards, the economy experiences
- A. growthCorrect
- B. over-production
- C. inefficient use of resources
- D. under-production
Explanation
An outward shift of the production possibility curve shows that more output combinations are attainable, indicating economic growth (e.g. from more resources or improved technology).
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