CUET Economics 2025 22 May Shift 1 PYQs

When in an economy, available resources are fully utilized at that point production of a combination of goods is known as .........

Any allocation of resources by the society would result in the _____ of a particular combination of different goods and services.

A point outside the Production Possibility Curve represents:

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