Which of the Following Is Not True for a Nation

question 14

Multiple Choice

Which of the following is not true for a nation that is in equilibrium in isolation?

• A)It consumes inside its production frontier
• B)it reaches the highest indifference curve possible with its production frontier
• C)the indifference curve is tangent to the nation's production frontier
• D)MRT of X for Y equals MRS of X for Y,and they are equal to Px/Py

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Definitions:

Collusion

Collusion refers to a secret or illegal cooperation or conspiracy, especially among firms, to deceive or gain an unfair advantage.

Fraud Committee

A group formed within an organization tasked with overseeing the detection, investigation, and prevention of fraudulent activities and ensuring financial integrity.

Segregation of Duties

An internal control measure that involves dividing responsibilities among different people to reduce the risk of error or inappropriate actions in financial transactions.

Authorize and Pay

The process of approving financial transactions or disbursements and executing the payment accordingly.