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Which statement is true?

In economics, land refers to all the natural resources found on land alone.

In economics, capital includes only tangible objects used for production.

A point on the PPC indicates maximum utilization of available resources.

A point under the PPC indicates overutilization of available resource

Respuesta :

Hagrid
The statement that is true is "A point on the PPC indicates maximum utilization of available resources." A production possibility curve or PPC is also known as 'production possibility frontier' and 'boundary or line.' It is a curve that help indicates the maximum combination of any two goods. Its advantage determines what an economy could produce if all its resources were fully employed and organised as efficiently as possible..

Answer:

C.

Explanation:

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