Figure 51 the Figure Shows a Linear Production Possibility Curve Representing

question 2

Multiple Choice

Figure 5.1. The figure shows a linear production possibility curve representing a tradeoff faced by a country, between necessities and luxuries​.
-To say that "there is a scarcity of gold" means that:

• A)gold prices will plummet.
• B)there is not enough gold to satisfy people's demand.
• C)there are a very few substitutes for gold.
• D)gold is relatively less expensive than other metals.
• E)the demand for gold is changing.

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Definitions:

Emerging Adulthood

A phase of life transition between adolescence and full-fledged adulthood, usually ranging from late teens through twenties, characterized by exploration and uncertainty.

Emerging Adulthood

A life stage between adolescence and full-fledged adulthood, characterized by exploration and instability in jobs, relationships, and identity.

Adolescence

A developmental transition between childhood and adulthood involving significant physical, emotional, and psychological changes.

Young Adulthood

The stage of life following adolescence, roughly between the ages of 20 and 40, characterized by the pursuit of independence, relationships, and career development.