When an Economy's Resources Are Not Fully Employed,then It Must

question 105

Multiple Choice

When an economy's resources are not fully employed,then it must be true that the:

• A)production point is located outside and to the right of the production possibilities frontier.
• B)production point is located along the production possibilities frontier.
• C)production point is located inside and to the left of the production possibilities frontier.
• D)production possibilities frontier shifts to the right.
• E)production possibilities frontier shifts to the left.

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Definitions:

HDC (Holder in Due Course)

A legal term referring to someone who has acquired a negotiable instrument in good faith for value and without notice of any defect.

Defective Instrument

A legal or financial document that contains errors, omissions, or flaws rendering it invalid or ineffective.

Dishonor

To refuse to accept or pay a draft or a promissory note when it is properly presented. An instrument is dishonored when presentment is properly made and acceptance or payment is refused or cannot be obtained within the prescribed time.

Handwriting

The act or practice of writing done with the hand, using instruments such as a pen or pencil, which can be unique to each individual.