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An economy always produces on, but not inside a PPC.
- a)True
- b)False
- c)Occasionally
- d)Can’t say
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
An economy always produces on, but not inside a PPC.a)Trueb)Falsec)Occ...
An economy does not always on a ppc . when an economy produces on ppc it mean there is no unemployment and all the resources are fully and being used efficiently but practically these 2 conditions may not apply . if there is unemployment or inefficent use of resources an ecnmy will opreate inside the ppc therefor the above given statement is refuted .
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An economy always produces on, but not inside a PPC.a)Trueb)Falsec)Occ...
B) False. An economy may produce inside or outside the PPC, depending on the level of resources and efficiency of production.
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An economy always produces on, but not inside a PPC.a)Trueb)Falsec)Occ...
B is not a correct answer.... In case of underutilization and inefficient use of resources..... The economy produces inside the ppc
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An economy always produces on, but not inside a PPC.a)Trueb)Falsec)Occasionallyd)Can’t sayCorrect answer is option 'B'. Can you explain this answer?
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