Use the Following to Answer Question(s)

question 45

Multiple Choice

Use the following to answer question(s) :
Exhibit: Production Possibilities Curve 2

-(Exhibit: Production Possibilities Curve 2) If conditions remain the same, the point representing an unattainable combination of consumer goods and capital goods is point:

• A) N.
• B) P.
• C) Q.
• D) R.

---

Definitions:

Interest Rate

The rate at which a borrower pays interest to a lender for the utilization of borrowed funds.

Mortgages

Loans specifically used to purchase real estate, in which the property itself serves as collateral against the borrowed funds.

Reduction

A decrease in the amount, extent, or size of something.

Hourly Rate

The amount of money paid for each hour of work.