Post Utme Bowen University 2024 Commerce Question 2

Practice objective / multiple choice question 2 from the 2024 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2024 Commerce Objective / Multiple Choice
Question 2 POST_UTME_BOWEN_UNIVERSITY • 2024 • COMMERCE • objective
Post Utme Bowen University 2024 Commerce Question 2 diagram

The diagram below represents a production possibility frontier. If the economy is currently at point A, which of the following is a consequence of a shift to point B?

Answer Options

Correct Answer A. An increase in the production of both goods
B. A decrease in the production of both goods
C. An increase in the production of good X and a decrease in the production of good Y
D. A decrease in the production of good X and an increase in the production of good Y
Correct Answer
A
Correct Option:
An increase in the production of both goods

About This Question

This is Post Utme Bowen University 2024 Commerce Question 2. It is one of the objective questions from the 2024 Post Utme Bowen University Commerce examination.

View More Post Utme Bowen University 2024 Commerce Questions More Post Utme Bowen University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support