The Diagram Below Shows Two Production Possibilities Boundaries for Country

question 12

Multiple Choice

The diagram below shows two production possibilities boundaries for Country X.
FIGURE 1- 4
-Refer to Figure 1- 4.If Country X were producing at point C,

• A)it is not possible to move to any point on PPB1 or PPB2 without technological progress.
• B)the opportunity cost of moving to point A is to give up some capital goods.
• C)the opportunity cost of moving to point B is to give up some consumption goods.
• D)the opportunity cost of moving to point A is zero.
• E)this is the maximum output possible from given resources.

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Definitions:

Ethics Ombudsperson

An appointed official within an organization who provides confidential assistance and guidance to employees on ethical dilemmas or concerns.

Ethical Dilemmas

Complex situations where a person must choose between two or more conflicting moral imperatives, making the decision difficult.

Price Discrimination

A pricing strategy where a company charges different prices for the same product or service to different customers, based on various factors.

Customers

Individuals or entities that purchase goods or services from another individual or business, often the focal point in marketing efforts.