In the Production Possibilities Frontier Model,an Unattainable Point Lies

question 279

Multiple Choice

In the production possibilities frontier model,an unattainable point lies

• A) only on the production possibilities frontier itself.
• B) only inside the production possibilities frontier.
• C) only outside the production possibilities frontier.
• D) both on and outside the production possibilities frontier.
• E) There are no unattainable points in the production possibilities model.

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Definitions:

Negotiation

The process whereby parties discuss their differences and attempt to reach a mutually agreeable resolution.

Indorses

Endorses or signs the back of a financial instrument (such as a check) to transfer rights to another party.

Credit Union

A member-owned financial cooperative that provides banking services, including savings and loan facilities, to its members.

Shelter Principle

The principle that the holder of a negotiable instrument who cannot qualify as a holder in due course (HDC), but who derives his or her title through an HDC, acquires the rights of an HDC.