If Sam Is Producing at a Point on His Production

question 91

Multiple Choice

If Sam is producing at a point on his production possibilities frontier,then he

• A)cannot produce any more of either good.
• B)is unaffected by costs and technology.
• C)can produce more of both goods.
• D)is not subject to scarcity.
• E)can increase the production of one good only by decreasing the production of the other.

---

Definitions:

Express Ratification

The explicit approval or confirmation of a previously unauthorized act.

Age of Majority

The legally defined age at which an individual is recognized as an adult and is fully accountable for his or her actions.

Intends

Plans or aims to carry out a specific action in the future.

Disaffirm

The act of rejecting or voiding a contract or agreement, especially one entered into by a minor or under conditions that make it voidable.