The Typical Production Possibilities Curve Is

question 231

Multiple Choice

The typical production possibilities curve is:

• A)an upward sloping line which is concave to the origin.
• B)a downward sloping line which is convex to the origin.
• C)a downward sloping line which is concave to the origin.
• D)a straight upward sloping line.

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Definitions:

Initial Investment

Initial Investment is the amount of money used to start a business venture, purchase an asset, or invest in a financial instrument at its inception.

Assets

Resources owned by a business with future economic value that can be measured and expressed in dollars.

Equities

Financial securities representing ownership interest in a company, typically in the form of shares of stock.

Monetary Unit Assumption

An accounting principle that assumes transactions can be recorded in a stable currency that is the most relevant to the company.