The various combination of goods that can be produced in any economy when it uses its available resources and technology efficiency are depicted by

A Demand curve
B Production curve
C Supply curve
D Production possibility curve

Correct Answer: Production possibility curve

The various combination of goods that can be produced in any economy when it uses its available resources and technology efficiency are depicted by Production possibility curve. A production possibility frontier (PPF) shows the maximum possible output combinations of two goods or services an economy can achieve when all resources are fully and efficiently employed.
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#Commerce #Economics

Related Questions

In a new production process, the number of units produced during the first week was 450. If the efficiency gradually increase so that 10 additional units can be produced each week, how many will be produced in the 10th week?
A 490
B 700
C 540
D 640
If technology is the height of modernlity, nuclear technology must be considered the zenith of that technology and its highest manifestation.
A Pinnacle
B Worthly
C Robust
D Undaunted
Whether credit can be availed without actual receipt of goods where goods are transferred through transfer of document of title before or during the movement of goods?
A Yes
B No
C Yes, in specific instances
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A When levels of personal retirement saving increase, consumer borrowing always increases correspondingly.
B The increased tax revenue the government would receive as a result of business expansion would not offset the loss in revenue from personal income taxes during the first year of the plan.
C Even With tax incentives,some people will choose not to increase their levels of retirement savings .
D Bankers generally will not continue to lend money to Businesses whose prospective earnings are insufficient to meet their loan repayment schedules.
প্রারম্ভিক মজুদ, সমাপনী মজুদ ও বিক্রয়কৃত পণ্যের ব্যয় যথাক্রমে ২০,০০০ টাকা, ৩০,০০০ টাকা ও ৭০,০০০ টাকা হলে বিক্রয়যোগ্য পণ্যের ব্যয় কত? (How much is the cost of goods available for sale if the beginning stock, closing stock and the cost of goods sold are Tk. 20,000, Tk. 30,000 and Tk. 70,000 respectively?)
A ৫০,০০০ টাকা (Tk. 50,000)
B ৯০,০০০ টাকা (Tk. 90,000)
C ১০০,০০০ টাকা (Tk. 100,000)
D ৮০,০০০ টাকা (Tk. 80,000)
The weights of 4 boxes are 20, 30, 50 and 70 kilograms. Which of the following cannot be the total weight, in kilograms, of any combination of these boxes and in a combination a box can be used only once?
A 170
B 160
C 150
D 120
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A 75
B > 30
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A 3 :2
B 11:7
C 4:5
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A Both agriculture and industry are equally promoted by the state
B There is co-existence of public sector along with private sector
C There is importance of small scale industries along with heavy industries
D Economy is controlled by military as well as civilian rulers

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