Which of the Following Is True of a Production Possibilities

question 71

Multiple Choice

Which of the following is true of a production possibilities curve?

• A) It reveals the maximum amount of any two goods that can be produced from a fixed quantity of resources.
• B) It reveals the ideal level of technology for a country.
• C) It assumes that the prices of the two products are equal.
• D) For a country that could produce many different goods, it shows which two goods are most important to produce.

---

Definitions:

Marketing Plans

Detailed, strategic documents that outline the marketing efforts intended to achieve business goals over a specific period.

Top Management

The highest level of management in an organization, responsible for setting policies, making strategic decisions, and overseeing all operational activities.

Marketing Implementation

The process of executing the marketing strategy by creating and performing specific actions that will ensure the achievement of the marketing goals.