There is unemployment of resources when production is
...There is unemployment of resources when production is
Within the production possibility curve
Outside the production possibility curve
Along the production possibility curve
Adequate to meet market demand
Correct answer is A
Point inside the production possibility curve indicate that resources are not fully employed or inefficient use of resources or there is widespread unemployment.
An increase in cash ratio by the central bank will_______ ...
The short-run average variable cost of a firm will rise owing to ...
The downturn in the prices of shares on stock markets is a highlight of ...
A society that is on its production possibility curve ...
If all factors are variable in the long run,firms will experience ...
Capital provided by individuals to the firm by purchasing stocks is called ...
Quantity Total cost 0 20 1 25 2...
The expression ‘terms of trade’ is used to describe ...
In the long run, the equilibrium point of a monoplistic firm is a point where the ...