A Production Possibility Graph Slopes Down Because Of

question 15

Multiple Choice

A production possibility graph slopes down because of:

• A) the law of increasing costs.
• B) nonhomogeneous resources.
• C) inefficiency.
• D) improper output mix.
• E) unemployment.

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Definitions:

Competition

Seeks victory by force, superior skill, or domination.

Encoding-decoding Conduits

Encoding-decoding conduits involve the process of transmitting a message from the sender (encoding) and interpreting it by the receiver (decoding).

Pathways

Routes or courses that lead from one place to another, metaphorically used in various contexts to denote routes to achieving objectives or goals.

Messages

Units of communication conveyed through various channels (verbal, nonverbal, written, etc.) intended to inform, persuade, or command.