A point inside a production possibility frontier usually means what?
AFull employment of workers
BIdle labour and capital
CMaximum efficiency of output
DFaster economic growth
Answer & Solution
Correct answer: B. Idle labour and capital
A point inside the frontier means resources are idle, because the economy is operating below its possibilities.
Keep practising Building Blocks in Economics
Browse all Building Blocks in Economics questions for CBSE Class 9, or explore more Social Science topics.
Related questions
What is one way entrepreneurs can exploit opportunities?What does bootstrapping try to minimise?Which two thinkers defined entrepreneurship in terms of risk-taking?What do venture capital firms take for seed money?What do revenue-based financing lenders receive for growth capital?Which activity describes startup investing?What is an internal startup in a large company?When is a startup usually in its seed round?