The Figure Given Below Represents the PPC in Two Nations

question 55

Multiple Choice

The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4

-Which of the following statements is not true about a market system?

• A)The market system provides an incentive to consumers to acquire purchasing ability.
• B)The market system magnifies the problem of scarcity of goods and services.
• C)The market system provides an incentive for allocating resources.
• D)The market system provides an incentive to improve the quality of goods produced.
• E)The market system provides everything everyone wants to consume.

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Definitions:

Friendships

A mutual bond between two or more people, characterized by sympathy, trust, and support.

Stress

A psychological and physical response to perceived challenges or threats, resulting in a state of tension or strain.

Romantic Partners

Individuals engaged in a romantic relationship characterized by love, commitment, and intimacy.

Personality Style

an individual's typical mode of thinking, feeling, and acting that characterizes their personal interactions and approach to life.