FIGURE 1- 5

question 96

Multiple Choice

FIGURE 1- 5
-Refer to Figure 1- 5.Suppose that the relevant production possibilities boundary is the one labelled B.This boundary implies that

• A)consumer goods are preferred to capital goods.
• B)the concept of opportunity cost is not at work in this economy.
• C)capital goods are preferred to consumer goods.
• D)the opportunity cost of producing either capital goods or consumer goods does not depend on how much of each good is produced.
• E)in this society the resources are not efficiently employed.

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Definitions:

Light-Dependent Reactions

The first stage of photosynthesis where light energy is converted into chemical energy in the form of ATP and NADPH.

Light-Independent Reactions

A series of biochemical reactions in photosynthesis that do not require light to proceed, resulting in the synthesis of glucose from carbon dioxide and water.

Photosynthesis

The process by which green plants, algae, and some bacteria convert light energy into chemical energy stored in glucose, releasing oxygen as a byproduct.

Chloroplast

An organelle found in plant and algae cells where photosynthesis takes place, converting light energy into chemical energy stored in glucose.