Points Outside the Production Possibilities Curve Represent Combinations of Products

question 21

Multiple Choice

Points outside the production possibilities curve represent combinations of products that are

• A) attainable only if the economy's resources are fully employed.
• B) attainable only if the economy's resources are not fully employed.
• C) attainable if the economy's resources are either fully employed or not fully employed.
• D) unattainable.

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Definitions:

Perfect Performance

The fulfillment of all obligations in a contract in the manner that was specified and agreed upon by the parties involved.

Complete

To finish all parts of a task or duty fully and to satisfaction.

Contract Condition

A provision in a contract that specifies a requirement or event that must occur or be met for the contract or a part of it to be fulfilled or enforced.

Discharged

In legal terms, refers to the completion or termination of an obligation, such as a debt or duty, often resulting in release from responsibility.