Which of the Following Is True of the Production Possibilities

question 122

Multiple Choice

Which of the following is true of the production possibilities curve?

• A) It assumes a fixed level of technology.
• B) It assumes that the prices of the products considered are equal.
• C) It assumes some inefficiency will result in the use of resources.
• D) All of the above are correct.

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Definitions:

Meshing Gears

The process where the teeth of two or more gears come into contact with each other in order to transmit power from one shaft to another.

Sliding Action

The movement or operation of a mechanism that involves two or more surfaces moving over each other with minimal resistance.

Mesh

Mesh describes the process of interlocking or the state of being interlocked, as in the case of gear teeth or the fine woven material used in screens.

Bottoming

Occurs when the teeth of one gear contact the lowest point of its mating gear.