A Country's Production Possibilities Boundary Shows That When a Society

question 18

Multiple Choice

A country's production possibilities boundary shows that when a society uses its resources efficiently,

• A)it cannot produce more of one good without producing less of the other good.
• B)it can produce more of only one good.
• C)it is always possible to produce more of all goods.
• D)all points inside the boundary are preferred to all points on the boundary.
• E)the supply for goods always exceeds the demand.

---

Definitions:

Final Value

The value of an investment or loan after the application of interest or other financial changes.

Simplify

To alter a complex equation or expression into a simpler form that retains the original meaning or value.

Like Terms

Terms in an algebraic expression that have the same variable raised to the same power and can be combined.

Evaluate

To determine the value of an expression by computing its numerical value.