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Question
Consider the following table:
| Production Possibilities | A | B | C | D | E |
| Guns (Units) | 0 | 1 | 2 | 3 | 4 |
| Butter (Units) | 10 | 9 | 7 | 4 | 0 |
All possibilities A to E deal with ______.
Options
Full use of available resources
Under-utilisation of available resources
No use of available resources
Demand for more resources
MCQ
Fill in the Blanks
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Solution
All possibilities A to E deal with full use of available resources.
Explanation:
All combinations A to E lie on the PPF, so each shows full use of the available resources with the given technology.
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Chapter 1: Introduction - OBJECTIVE QUESTIONS [Page 1.35]
