Practice mode Agriculture

What is the failure to use all available economic resources to produce goods and services called?

Correct answer D. Unemployment

Explanation

When labour and other resources are left idle, the economy produces inside its production possibilities curve, a situation described as unemployment of resources.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.