WAEC 2018 Economics · Question 31

which of the following is not emphasized in a production possibility curve

Options

  1. A.scarcity of resources
  2. B.economic development
  3. C.inefficiency in the use of resources
  4. D.unemployment of labour

Answer: B. economic development

Explanation written with AI and checked against the answer key

Analyze the question: We need the option that a production possibility curve (PPC) does not emphasize.

Concept: A PPC shows the different combinations of two goods an economy can produce when it uses all its resources fully and efficiently, with a fixed amount of resources and fixed technology.

What a PPC emphasizes:

  • Scarcity of resources: The curve is a boundary because resources are limited (A).
  • Choice and opportunity cost: Producing more of one good means producing less of the other.
  • Efficiency and inefficiency: Points on the curve are efficient. Points inside the curve show resources being wasted or underused (C).
  • Unemployment: Points inside the curve also show unemployed labour or idle resources (D).

Economic development: This is shown only when the curve shifts outward over time, through more resources or better technology. A basic PPC is drawn for a given time period with resources and technology held constant, so it is not what the curve is mainly built to emphasize. It is a change to the curve, not a feature of the curve itself.

Step by step:

  1. A: Scarcity is the foundation of the PPC, so it is emphasized.
  2. C: A point inside the curve shows inefficiency, so it is emphasized.
  3. D: A point inside the curve also shows unemployment, so it is emphasized.
  4. B: Economic development is not the focus of a standard PPC, because resources and technology are assumed fixed.

Answer: B. Economic development.

Exam tip: Remember the PPC as S-O-E-U: Scarcity, Opportunity cost, Efficiency, Unemployment. Growth and development appear only when the curve shifts. If a question asks what is not emphasized, look for the option about change over time.

AI can make mistakes. Report anything that looks wrong.

Past questions © the examination body (JAMB/WAEC/NECO). DeeepSolve is not affiliated with them. Rights holders: see /copyright.