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Q.577 [CAPF 2019]
Which one of the following statements is true with regard to an economy which is on its production possibility frontier
Which one of the following statements is true with regard to an economy which is on its production possibility frontier
Anonymous Quiz
37%
Economy has to sacrifice some production of 1 commodity to increase production of another commodity
19%
There is no limit or constraint for the economy in the production of goods and services
32%
economy produce more of 1 commodity up to a point without reducing production of any other commodity
12%
Its production possibility frontier is an upward sloping curve
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