Which of the Following Is an Assumption Under Which the Production

question 142

Multiple Choice

Which of the following is an assumption under which the production possibilities curve is drawn?

• A)Total unemployment is zero.
• B)The supply of resources is fixed.
• C)The price level is changing.
• D)Technology is changing.

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Definitions:

High Culture

Forms of cultural expression associated with the elite or well-educated segments of society, including classical music, fine arts, and literature.

Low Culture

Refers to cultural products considered to have less sophistication or value by a society's mainstream standards, often contrasted with "high culture."

Media

Various means of communication, such as television, radio, newspapers, and the internet, that reach or influence people widely.

Profitable Export

A term which refers to goods or services that are exported from one country to another generating a positive financial return or profit.