Question 5EconomicsWAEC & JAMB
A society that is on its production possibility curve
A
has attained full employment but not full production
B
has attained full production but not full employment
C
is using its resources inefficiently
D
has attained both full employment and full production
Step-by-Step Explanation
Ans: D___Has attained both full employment and full production.
A society that is on its production possibility curve (PPC) has attained noth full employment and full production. This is because the available resources have been efficietly utilized. This will ultimately lead to full production as well as full employment.