Which of the following is an assumption of Production Possibility Frontier?

i) Resources are not fully employed.

ii) Resources are not equally efficient for production of the two goods.

iii) Resources are not efficiently employed.

iv) Resources available are not fixed.

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Solution

ii) Resources are not equally efficient for production of the two goods.

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Similar questions

Which of the following is an assumption of Production Possibility Frontier?
(i) Resources are not fully employed.
(ii) Resources are not equally efficient for production of the two goods.
(iii) Resources are not efficiently employed.
(iv) Resources available are not fixed.

Q. How is production possibility frontier affected when resources are inefficiently employed in an economy?

The two basic assumptions of PPC are: (i) resources are given and are not fully and efficiently utilised, and (ii) there is no change in the technique of production. State True or False.

A country's resources are fully and efficiently employed. The problem of scarcity exists. What advice will be given to raise the efficiency level of the human resource to fight scarcity ?

Q. Potential resources are:
(i) Which are surveyed and determined for utilisation.
(ii) Resources which are found but not been utilised;
(iii) Are owned by private individuals.
Choose correct option.

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Which of the following is an assumption of Production Possibility Frontier? i) Resources are not fully employed. ii) Resources are not equally efficient for production of the two goods. iii) Resources are not efficiently employed. iv) Resources available are not fixed.

ii) Resources are not equally efficient for production of the two goods.

Which of the following is an assumption of Production Possibility Frontier?

i) Resources are not fully employed.

ii) Resources are not equally efficient for production of the two goods.

iii) Resources are not efficiently employed.

iv) Resources available are not fixed.