Failure to use all available economic resources to produce goods and services is called__________________?
Correct answer: A. Unemployment
- A. Unemployment
- B. Underemployment
- C. Inflation
- D. Deflation
Explanation
Unemployment means that available labour resources are not being used to produce goods and services. Underemployment refers more specifically to workers being employed below their capacity or for fewer hours than they desire.
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Practise Agricultural Economics and Extension
190 free Agricultural Economics and Extension MCQs from Agriculture, each with the correct answer and an explanation. Unlimited attempts, no account needed.
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