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Choose the Correct Alternative from Given Options: in the Given Figure, the Movement on the Production Possibility Curve from Point a to Point B Shows _____________. - Economics

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MCQ

Choose the correct alternative from given options:
In the given figure, the movement on the production possibility curve from point A to point B shows _____________.

Options

  • Growth of all the resources in the economy.

  • Underutilisation of resources.

  • Production of more units of Good X and less units of Good Y.

  • Production of more units of Good Y and less units of Good X.

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Solution

In the given figure, the movement on the production possibility curve from point A to point B  shows the production of more units of good X and less units of Good Y.
Hence, the correct answer is option Production of more units of Good X and less units of Good Y.

Concept: Concepts of Production Possibility Frontier
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