Instructions: Each Question Below Is an Entry for a Works

question 687

Multiple Choice

Instructions: Each question below is an entry for a Works Cited page. Select Correct if the entry is correctly formatted according to MLA guidelines or Incorrect if the entry is not correctly formatted. Wilson, James Q. and John J. DiIulio, Jr. American Government . 9th ed. Boston: Houghton Mifflin, 2004. Print.

• A) Correct
• B) Incorrect

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Definitions:

Corn

A cereal plant that yields large grains, or kernels, set in rows on a cob, widely grown for food, livestock feed, and biofuel.

Production Possibility Frontier

A curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors. The PPF demonstrates the trade-offs in production volume between two choices.

Opportunity Cost

The cost of passing up the next best choice when making a decision.

Economic Problem

The challenge of managing limited resources to meet the unlimited wants and needs of a society.