passwella.
Menu

WAEC Economics 2022 Question 2

Question 2

Basic Concepts

There is unemployment of resources when production is

  1. A.within the production possibility curve
  2. B.outside the production possibility curve
  3. C.along the production possibility curve
  4. D.adequate to meet market demand
Show the answer and explanation

Answer: A (within the production possibility curve)

Explanation

A point inside the curve means some resources are idle.