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Which of the following is not emphasized in a product possibility curve?

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Economics JAMB 2024

Which of the following is not emphasized in a product possibility curve?

  • Scarcity of resources
  • Unemployment of labour
  • Inefficiency in the use of resources
  • Economic development checkmark

The correct answer is: D

Explanation

A product possibility curve, also known as a production possibility frontier or curve, illustrates the different combinations of goods or services that an economy can produce given its available resources and technology. It shows the trade-off between producing one good/service over another.

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