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A point X inside the production possibility curve indicates that

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Economics WAEC 2019

A point X inside the production possibility curve indicates that

  • resources are fully utilized
  • the country is poor
  • some resources are idle checkmark
  • resources are not available

The correct answer is: C

Explanation

Point X in the production possibility curve represents an inefficient use of resources, while points A, B, and C on the PPF curve represent the most efficient use of resources by the economy.

 

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