The Production Possibilities Curve Illustrates the Basic Principle That

question 50

Multiple Choice

The production possibilities curve illustrates the basic principle that:

• A)the production of more of any one good will in time require smaller and smaller sacrifices of other goods.
• B)an economy will automatically seek that level of output at which all of its resources are employed.
• C)if all the resources of an economy are in use, more of one good can be produced only if less of another good is produced.
• D)an economy's capacity to produce increases in proportion to its population size.

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Definitions:

Restocked

The process of replenishing inventory or supplies to their optimal or required levels.

Cleaned

The act of removing dirt, grime, or unwanted substances from an object or environment to ensure it is free from contamination.

Data Saved

Refers to information that has been securely stored on a computer or storage media for future use or retrieval.

CD-R

Short for Compact Disc-Recordable, a type of digital storage medium that allows users to record data once, but prevents erasing and re-recording of data.