Economics · May / June 2023 · Paper 11 · Question 2
2281Production possibility curve (PPC) diagrams
What does a point on a production possibility curve for an economy represent?
- Aeconomic growth is falling
- Binefficient use of resources available
- Cmaximum output possible with current technology
- Dtotal demand for goods and services
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Correct answer: C. maximum output possible with current technology
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