The Figure Given Below Represents the PPC in Two Nations

question 12

Multiple Choice

The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4

-The demand curve of a commodity slopes downward because of:

• A)the insatiable nature of human wants.
• B)the presence of double coincidence of wants.
• C)the law of demand.
• D)the scarcity of goods and services in an economy.
• E)the law of diminishing marginal utility.

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Definitions:

Mahatma Mohandas Gandhi

An Indian lawyer and anti-colonial nationalist who led the campaign for India's independence from British rule through non-violent protest.

Black Power Movement

A political and social movement in the 1960s and 1970s emphasizing racial pride, economic empowerment, and the creation of political and cultural institutions for African Americans.

Institutional Power

is the control or influence that organizations or institutions have over societal norms, policies, and behaviors.

Malcolm X

An African American civil rights leader who advocated for the rights of African Americans through any means necessary, distinct from the nonviolent tactics of Martin Luther King Jr.