The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called the ____________ of the economy.

Question

[A] Resource Probability Set

[B] Production Probability Set

[C] Resource Possibility Set

[D] Production Possibility Set

Answer & Explanation
Answer: Option [D]

SSC CGL 2017 Tier 1 Questions and Answers