Exhibit 2-4  Production Possibilities Curve Data According to the Data

question 144

Multiple Choice

Exhibit 2-4  Production possibilities curve data According to the data given in Exhibit 2-4, the production of 140 units of consumer goods and 10 units of capital goods:

• A) is possible but would be inefficient.
• B) may be a result of unemployment.
• C) may be a result of unused natural resources.
• D) all of the above.
• E) none of the above.

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Definitions:

Defective Goods

Items that are flawed or lack the quality promised, making them unfit for their intended use.

Place Of Shipment

The location where goods are loaded and dispatched to the buyer according to the terms of a sales contract.

Time And Place

The specific moment and location where an event occurs or is scheduled to occur.

Rejected Goods

Items that have been refused acceptance by the buyer because they do not meet the specifications, quality standards, or conditions agreed upon in the contract.