Which of the following is NOT an input
Labour
Entrepreneurship
Natural resources
Production
Production is a process, not an input.
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.
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.