A Movement from a Point Inside the Production Possibilities Frontier

question 26

Multiple Choice

A movement from a point inside the production possibilities frontier to a point on the production possibilities frontier represents

• A)unemployment of labour but not capital.
• B)an infinite opportunity cost.
• C)a free lunch.
• D)full employment of labour but not capital.
• E)a tradeoff.

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Definitions:

Internal Relay

An electromechanical device used within a circuit or system to control a larger current with a smaller one, acting as a switch.

PLC

A Programmable Logic Controller is a digital computer designed for the automation of electromechanical processes.

User Program

Custom software created by or for the end-user to perform specific tasks within a device or system.

Energizing

The act of supplying electrical power to a circuit, device, or system, bringing it to a state of operational readiness.