State the Type of Graphical Display for Graph a and GraphB

question 14

Multiple Choice

State the type of graphical display for Graph A and GraphB.

• A) A is a bar chart; B is a histogram.
• B) B is a bar chart; A is a histogram.
• C) Both graphs are bar charts.
• D) Both graphs are histograms.

---

Definitions:

Comparative Advantage

The ability of an entity to produce goods or services at a lower opportunity cost than others.

Quality Goods

Quality Goods are products that meet or exceed consumer expectations in terms of durability, reliability, and performance.

Production Possibility Frontier

A curve depicting the maximum attainable combinations of two products that may be produced with available resources and current technology.

Inefficiency

A situation where resources are not used in the best possible way, often leading to waste and a lower output than could be achieved.