The ____ Joint Is Very Difficult to Construct, as Everything

question 23

Multiple Choice

The ____ joint is very difficult to construct, as everything must be absolutely perfect.

• A) wedge through mortise
• B) wedged-tenon
• C) fox-wedged
• D) peg mortise-and-tenon

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Definitions:

Production Possibilities Curve

A graph that shows the maximum possible output combinations of two goods or services an economy can achieve when all resources are fully and efficiently utilized.

Production Possibilities Frontier

A graph that shows the various combinations of outputs that an economy can possibly produce given the available factors of production and the available production technology.

Recession

A transient phase of declining economic performance, with diminished trade and industrial production, often determined by a sequential fall in GDP for two quarters.

Economic Growth

An increase in the productive capacity of an economy, often measured by the rise in real GDP over a period of time.