-The Figure Above Shows the Production Possibilities Frontier for a Country.A

question 57

Multiple Choice

-The figure above shows the production possibilities frontier for a country.A combination of 2 million litres of milk and 2 million litres of ice cream is

• A)unattainable.
• B)attainable and production efficient.
• C)attainable and production inefficient.
• D)attainable but more than production efficient.
• E)More information is needed to determine if the point is attainable or not.

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Definitions:

Cash Surrender Value

The amount that the insurer has agreed to pay to the insured if a life insurance policy is canceled before the insured’s death.

Term Insurance

A type of life insurance policy for which premiums are paid for a specified term and payment is made by the insurer only if the insured dies within the term period.

Cancel Policy

A cancel policy refers to the terms under which an agreement, insurance policy, or service contract can be terminated before its natural expiration date.

Advance Written-notice

A notification given in writing ahead of time, often a requirement in legal and contractual situations.