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

Resources are not equally efficient for the 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.

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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.

Resources are not equally efficient for the 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.