Post Utme Veritas University 2022 Economics Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2022 Economics Objective / Multiple Choice
Question 32 POST_UTME_VERITAS_UNIVERSITY • 2022 • ECONOMICS • objective
Post Utme Veritas University 2022 Economics Question 32 diagram

The diagram below shows the production possibilities frontier (PPF) for a country. Which of the following statements is correct?

Answer Options

Correct Answer A. The PPF shows the maximum possible output of two goods.
B. The PPF shows the minimum possible output of two goods.
C. The PPF shows the opportunity \cost of producing one good.
D. The PPF shows the law of diminishing marginal returns.
Correct Answer
A
Correct Option:
The PPF shows the maximum possible output of two goods.

About This Question

This is Post Utme Veritas University 2022 Economics Question 32. It is one of the objective questions from the 2022 Post Utme Veritas University Economics examination.

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