The Diagram Below Shows Two Production Possibilities Boundaries for Country

question 53

Multiple Choice

The diagram below shows two production possibilities boundaries for Country X.
FIGURE 1-4
-Refer to Figure 1-4.Growth in the countryʹs productive capacity is illustrated by

• A)a point like D outside the boundary.
• B)a movement from a point inside the boundary such as C to the boundary.
• C)the movement between points on a given boundary.
• D)a single point such as A on the boundary.
• E)an outward shift of the boundary,for example from PPB1 to PPB2.

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Definitions:

Obtaining Insurance

The process of acquiring a policy that provides financial protection against losses or damages from various risks.

Proportionate Share

A part or portion of something that is divided among parties based on a specific criterion, often related to ownership or contribution.

Multiple Insurance

The practice of holding more than one insurance policy on the same item or person, often to provide additional coverage in case of loss or damage.

Insured's Liability

The obligations or responsibilities for which an insured party is covered under an insurance policy.