Figure 2-10 -Movement from Point K on the Production Possibilities Curve for Production

question 36

Multiple Choice

Figure 2-10

-Movement from point K on the production possibilities curve for food and clothing in Figure 2-10,to point J inside the curve could be the result of

• A) an increase in opportunity costs
• B) supply and demand
• C) greater efficiency
• D) a decrease in the population
• E) an increase in unemployment

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Definitions:

Permanent/Temporary

Categories used to differentiate items or statuses that are either enduring without significant change or existing for a limited time, respectively.

Cost Center

A unit or department that incurs costs but does not generate revenues.

Holiday Inn

A brand of hotels known for providing lodging and related services to travelers; part of the InterContinental Hotels Group.

Administrative Department

A division within a company or organization responsible for performing management and support duties, such as clerical work and maintaining records.