Production Possibilities Frontiers Usually Curve Out and Away from the Origin.The

question 35

Multiple Choice

Production possibilities frontiers usually curve out and away from the origin.The implication is

• A)that some resources are better at producing one good while other resources are better at producing alternative goods.
• B)that technological change is present.
• C)that as resources are used to produce one good,fewer resources are available to produce another good.
• D)that the opportunity cost of producing a good stays the same regardless of how much of that good is produced.
• E)that the opportunity cost of producing a good goes down as more of that good is produced.

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Definitions:

Creditors

Individuals or entities to whom money is owed by debtors.

Reorganize

The process of restructuring a company's business or financial affairs, often to recover from financial distress.

Unpaid Alimony

Financial support that one spouse is legally obligated to provide to the other after divorce or separation but has not been paid.

Repossess

The act of taking back possession of property by a seller or lender from the buyer or borrower, typically due to failure to meet payment or other terms.