UPSC CAPF AC 2019 Paper

Question : 120 of 125

Marks: +1, -0

Which one of the following statements is true with regard to an economy which is on its production possibility frontier ?

The economy has to sacrifice some production of one commodity in order to increase the production of another commodity
There is no limit or constraint for the economy in the production of goods and services
The economy can produce more of one commodity up to a point without reducing the production of any other commodity
Its production possibility frontier is an upward sloping curve

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