Exhibit 2-4 Production Possibilities Curve Data -According to the Data in Exhibit 2-4, a Total Output

question 23

Multiple Choice

Exhibit 2-4 Production possibilities curve data $$\begin{array} { | l | r | r | r | r | r | } \hline & { \text { A } } &{ \text { B } } & { \text { C } } & \text { D } & \text { E } \\\hline \text { Capital goods } & 0 & 10 & 20 & 30 & 40 \\\text { Consume goods } & 200 & 180 & 140 & 80 & 0 \\\hline\end{array}$$
-According to the data in Exhibit 2-4, a total output of 140 units of consumer goods and 10 units of capital goods would:

• A) be unobtainable in this economy.
• B) be an efficient way of using the economy's scarce resources.
• C) result in the maximum use of the economy's labor force.
• D) result in a less than maximum rate of growth for this economy.

---

Definitions:

Self Management

The ability of an individual to regulate and control their own behaviors and actions to achieve personal and professional goals.

Skill

The ability to translate knowledge into action that results in desired performance.

Personal Development

A process of self-improvement encompassing activities that improve self-awareness, develop talents, and potential.

21st Century

Referring to the current century, marked by rapid advancements in technology, globalization, and changing societal norms.