What does a movement from a point within the production possibili… - Vidyadip

Question

What does a movement from a point within the production possibility frontier to a point on the frontier indicate?

✓

Answer

It indicates movement from the point of underutilisation of resources towards the point of full utilisation/ employment of resources.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Introduction of Micro-Economics→Introduction of Micro-Economics — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Why does an economic problem arise?

In which market form, there is no need of selling costs?

How is equilibrium price affected by decrease in demand?

Give the meaning of revenue.
Or
Define revenue.

What is the shape of TR curve in monopoly?

What causes a downward movement along a supply curve of a commodity?

Producer's equilibrium cannot be attained at falling MC'. Justify.

If the total product curve is a straight line through the origin, what would be the shape of the average product and marginal product curves look like?

Supply schedule

Which features of monopolistic competition are competitive in nature?