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WAEC Economics 2024 Question 2

Question 2

Basic Concepts

Points within a Production Possibilities Curve (PPC) indicate

  1. A.optimum production levels.
  2. B.attainable but inefficient production levels.
  3. C.unattainable production levels.
  4. D.attainable and efficient production levels.
Show the answer and explanation

Answer: B (attainable but inefficient production levels.)

Explanation

Points inside the curve can be produced but leave some resources unused.