-The Figure Above Shows a Production Possibilities Frontier

question 4

Multiple Choice

-The figure above shows a production possibilities frontier.In the figure,which of the following combinations of the two goods are efficient?

• A) 2 million cell phones and 13 million DVDs
• B) 5 million cell phones and 15 million DVDs
• C) No cell phones and 15 million DVDs
• D) 4 million cell phones and 4 million DVDs
• E) None of these combinations is efficient.

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Definitions:

Irrational Tradition

Practices or beliefs passed down through generations that are not based on logical reasoning or scientific evidence.

Language

A system of communication using sounds, symbols, or gestures that are used by members of a community to convey meaning and facilitate interaction.

People's Experiences

The unique and subjective events, emotions, and interactions that individuals encounter in their lives.

Individuality

The quality or character of a particular person or thing that distinguishes them from others of the same kind, especially when strongly marked.