Subject - Economics:

Macroeconomics

MCQ - 2-4012

Question:

A nation is producing at a point inside of its production possibility curve. Which of the following is a possible explanation for this outcome?

This nation has experienced a permanent decrease in its production capacity.
This nation has experienced slower than usual technological progress.
This nation has avoided free trade between other nations.
This nation has experienced slower than usual technological progress.
This nation’s economy is centrally planned.

Correct Answer: D

Explanation:

Points within the PPC imply unemployed resources, and this is indicative of a recession.

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269 MCQ for effective preparation of the test of Macroeconomics of Economics section.

Read the MCQ statement: A nation is producing at a point inside of its production possibility curve. Which of the following is a possible explanation for this outcome? , keenly and apply the method you have learn through the video lessons for Macroeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 2-4012.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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