The Figure Given Below Represents the Production Possibilities Curves [PPC]

question 70

Multiple Choice

The figure given below represents the production possibilities curves [PPC] of a country producing wine and cars.
Figure 2.1

-Refer to Figure 2.1. Identify the correct statement.

• A) If the country is at point A and is using all of its resources, point E is unattainable.
• B) If the country is at point A and is using all of its resources, Point C is unattainable.
• C) If the country is at point B and is using all of its resources, there will be an underutilization of resources at point C.
• D) If the country is at point C, point B is unattainable.
• E) If the country is at point B, it will not move.

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Definitions:

Debit Totals

An aggregate amount of all debits recorded in an accounting period, indicating resources used or expenses.

Credit Totals

The sum of all credit entries made in the accounting ledger, used in balancing the books.

Patents

Exclusive rights to produce and sell goods with one or more unique features.

Account Group

A classification system used in accounting to organize and categorize financial transactions and balances.