Refer to the Diagram Below

question 227

Multiple Choice

Refer to the diagram below.The concave shape of each production possibilities curve indicates that:

• A)resources are perfectly substitutable.
• B)wants are virtually unlimited.
• C)prices are constant.
• D)resources are not equally suited for alternative uses.

---

Definitions:

Regulatory Bodies

Organizations established by the government to enforce laws, regulations, and standards in various sectors and industries, ensuring compliance and protecting public interests.

Legislation

Laws and regulations enacted by a government or legislative body.

Cause Of Action

A set of factual circumstances that give someone the right to seek a legal remedy through the court system.

Province

A territorial unit of a country, often with its own government, that is administratively at a level below the national government.