Given a Production Possibilities Curve for Defense Goods and Nondefense

question 43

Multiple Choice

Given a production possibilities curve for defense goods and nondefense goods, a production point outside the curve

• A)cannot be attained with the current level of resources and technology.
• B)may be attained by shifting resources to defense goods.
• C)may be attained by acquiring new technology.
• D)may be attained if new resources are discovered.
• E)may be attained by acquiring both new technology and greater resources.

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Definitions:

Quoted

The stated price or rate for a financial instrument or commodity in the marketplace.

Bond

A fixed-income investment in which an investor loans money to an entity (corporate or governmental) which borrows the funds for a defined period at a variable or fixed interest rate.

Sell

To sell means to exchange a product or service for money or other goods.

Serial Bonds

Bonds issued in a series, each one of which has a different maturity date and thus comes due at a different time.