CUET Economics - Identify, where the point will lie in the production possibility frontier when the resources are either underemployed or are utilized in a wasteful manner 1. A point below the production possibility frontier 2. A point above the production possibility frontier 3. A point on the production possibility frontier 4. A point on or above the production possibility frontier | PYQs + Solutions

CUET Economics 2025 14 May Shift 1

Economics

Easy

A point below the production possibility frontier

A point above the production possibility frontier

A point on the production possibility frontier

A point on or above the production possibility frontier

✅ Correct Option: 1

Related questions:

28 May Shift 1

A point outside the Production Possibility Curve represents:

A combination of goods can be produced but resources are underutilized.
A combination of goods can be produced, and the resources are fully utilized.
A combination of goods can not be produced as it is beyond the capacity of the economy.
A combination of goods can be produced and resources are appropriately utilized.

22 May Shift 2

Who among the following is called as the founding father of modern economics.

27 May Shift 2

If we want to have more of one of the goods, we will have less of the other good. Thus, there is always a cost of having a little more of one good in terms of the amount of the other good that has to be forgone. What is this cost known as?

CUET Economics 2025 14 May Shift 1 PYQs

Keyboard Shortcuts