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Choose the Correct Alternative from Given Options: Shift from Point a on Production Possibility Curve X1y1 To Point B on X2y2 In the Given Figure Indicates: - Economics

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MCQ

Choose the correct alternative from given options:
Shift from Point A on Production Possibility Curve X1Y1 to point B on X2Yin the given figure indicates: 

Options

  • Decrease in resources

  • Increase in resources

  • Full and efficient utilisation of resources

  • Wastage of resources

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Solution

Shift from Point A on Production Possibility Curve X1Y1 to point B on X2Yin the given figure indicates:  Increase in Resources


Hence, the correct answer is Increase in Resources.

Concept: Concepts of Production Possibility Frontier
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