Examlex
Consider a production possibility frontier for Italy.If in 2016 Italy's resources are not being fully utilized,Italy will be somewhere _____ of its production possibility frontier.
Capacity
The maximum output or producing ability of a facility, machine, business, or system under normal working conditions.
Collateral
An asset that a borrower offers to a lender as security for a loan. If the borrower fails to repay, the lender may seize the collateral to recoup losses.
Choice
The act of selecting between two or more possibilities or the freedom to pick an option among several.
Capacity
The maximum amount that something can contain or produce; in a business context, it often refers to the maximum output or production ability.
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