Question on: JAMB Economics - 2024
From the diagram below, moving from point A to B and from B to c is due to
A
Economic depression
B
Unemployment
C
Economic growth
D
Opportunity cost
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Correct Option: D
The question refers to a diagram showing a movement between points. Without the diagram, it is impossible to be certain about the answer. However, since the options are related to economic concepts, the movement could be illustrating economic growth. Economic growth is often represented by a shift in the production possibilities frontier (PPF). Moving from one point to another on the PPF represents a change in production levels or allocation of resources which signifies some form of economic change.
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