A Production Possibilities Curve Shows the Various

question 166

Multiple Choice

A production possibilities curve shows the various:

• A) prices that can be charged for capital and consumption goods.
• B) combinations of prices and outputs that can be produced.
• C) combinations of goods the economy has the capacity to produce.
• D) combinations of resources and prices that the economy can produce.

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Definitions:

Extended

Pertaining to something that has been lengthened or stretched out.

Complementary

Elements, items, or substances that, when brought together, enhance each other's properties or complete something.

DNA

Deoxyribonucleic acid, a molecule that carries the genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.

Codon

A sequence of three nucleotides in messenger RNA that specifies the addition of a particular amino acid in the synthesis of proteins.