A. Allocatively inefficient
B. X inefficient
C. Consumer inefficient
D. Productively inefficient
Related Mcqs:
- If a country has a bowed out (concave to the origin) production possibility frontier then production is said to be subject to ?
A. constant opportunity costs
B. decreasing opportunity costs
C. first increasing and then decreasing opportunity costs
D. increasing opportunity costs - An economy may operate outside the production possibility Frontier if ?
A. It is not utilizing its resources fully
B. It is being productively efficient
C. It is a mixed economy
D. It is trading other economies - An outward shift of the production possibility frontier may be caused by ?
A. An increase in demand
B. More government spending
C. Better training of employees
D. Productive inefficiency - If a country has a liner (downward sloping) production possibilities frontier, then production is said to be subjected to ?
A. constant opportunity costs
B. decreasing opportunity costs
C. first increasing and then decreasing opportunity costs
D. increasing opportunity costs - Points on the production possibilities frontier are ?
A. inefficient
B. normative
C. unattainable
D. efficient - Which of the following will not shift a country’s production possibilities frontier outward ?
A. an advance in technology
B. an increase in the labor force
C. an increase in the capital stock
D. a reduction in unemployment - The production possibilities frontier refers to_______________?
A. the amount of each commodity that can be produced given available resources
B. unlimited production of one commodity
C. limitless output of commodities
D. none of the above - In a free market the combination of products produced will be determined by ?
A. Market forces of supply and demand
B. The government
C. The law
D. The public Sector - Possibility of negative events or changes in the business climate of country is called?
A. Domestic risk
B. Political risk
C. National risk
D. Country risk - Which index combines measures of calorie availability (in relation to requirement) the growth of per capita daily energy supply food production food staples self-sufficiency, and variability of food production and consumption ?
A. food sufficiency index
B. food security index
C. food self-intake index
D. food growth index
