Exhibit 2-8  Production Possibilities Curve Data as Shown in Exhibit

question 43

Multiple Choice

Exhibit 2-8  Production possibilities curve data As shown in Exhibit 2-8, a total output of 0 units of capital goods and 10 units of consumer goods is:

• A) the maximum rate of output for this economy.
• B) an inefficient way of using the economy's scarce resources.
• C) the result of maximum use of the economy's labor force.
• D) unobtainable in this economy.

---

Definitions:

Unauthorized

Actions or access that have not been approved or given consent by the proper authority.

Promissory Note

A written promise to pay a specified amount of money, either on demand or at a future date.

Reasonable Identification

A requirement in certain transactions, such as the presentation of an identifiable document that can confirm the identity of a person.

Dishonored

Dishonored describes a financial instrument, such as a check or promissory note, that has been refused acceptance or payment.