Points outside a production possibility curve indicate

Assessment: WAEC SSCE - Economics - 2013 (Objective) Subject: Economics

Question 1 Report

Points outside a production possibility curve indicate

Answer Details
Points outside a production possibility curve indicate unattainable production levels. This means that the resources available are not sufficient to produce at those levels, and thus they are beyond the economy's current capacity. It may be possible to achieve those levels of production with additional resources or improvements in technology, but at the current state, they are not feasible.
Read lesson note on The Theory Of Production (JAMB)
Read lesson note on Theory Of Production (WAEC)
Read lesson note on The Theory Of Price Determination (JAMB)
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