GCSE Economics Practice Questions - GCSE Economics Exam

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A production possibility frontier (PPF) is drawn for an economy producing only food and clothing. The economy operates at a point inside the PPF. This indicates:

The economy is using all its resources efficiently Resources are unemployed or being used inefficiently The economy is experiencing economic growth It is impossible to produce more food without giving up clothing

Correct Answer:

Resources are unemployed or being used inefficiently

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