The various combinations of goods that can be produced in any economy when it uses its available sources and technology efficiently are depicted by ________________.

Demand curve

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Production curve

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Supply curve

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Production possibilities curve

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Solution

The correct option is C Production possibilities curve
Production Possibility Curve may be defined as a curve which shows the various combinations of two goods that can be produced in any economy with a given amount of resources and technology.

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Name the situation reflected by an economy which produces a combination of goods that lie below its production possibility curve.

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