A Production Possibilities Curve Shows

question 23

Multiple Choice

A production possibilities curve shows

• A)what happens to the amount of available resources if it is not possible to produce a good.
• B)what can be produced with unlimited resources.
• C)what happens as available resources in an economy are moved from producing one type of good to another type, or vice versa.
• D)the choice between producing some goods versus other goods with unlimited resources.
• E)the different kinds of products that a firm can produce.

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Definitions:

Assignment

The transfer of rights, property, or obligations from one party to another.

Consideration

Something of value exchanged between parties to form a binding contract.

Assignment

The transfer of rights or responsibilities from one party to another, typically in a contractual context.

Security Interest

A legal claim or lien on property as collateral for the repayment of a debt, securing an interest in the property for the creditor.