If the Production Possibilities Curve Is a Downward-Sloping Straight Line

question 110

Multiple Choice

If the production possibilities curve is a downward-sloping straight line, that would indicate

• A)that society cannot decide which good it prefers
• B)an absence of scarcity
• C)constant opportunity cost
• D)inefficiency
• E)specialization

---

Definitions:

Translated

In financial contexts, refers to the process of converting the financial statements of a foreign entity into the reporting currency of the parent company.

Temporal Method

An accounting technique for converting the financial statements of a subsidiary in a foreign currency into the parent company's reporting currency.

Retained Earnings

Profits that a company retains at the end of a fiscal period, which are not distributed to shareholders as dividends but are reinvested in the business.

Remeasured

The process of adjusting the book value of a foreign currency transaction on the financial statements to reflect the current exchange rate.