The Production Possibilities Frontier Is A

question 127

Multiple Choice

The production possibilities frontier is a:

• A)graph that shows the various combinations of output the economy can possibly produce, given the available resources and technology
• B)graph that shows the various combinations of resources the economy can possibly produce, given the available output
• C)graph that shows the various combinations of concrete the economy can possibly produce, given the available agricultural land
• D)graph that shows the various combinations of wheat the economy can possibly produce, given the available cement

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Definitions:

Managers

Individuals responsible for making decisions about the investment and administration of funds, or overseeing operations in various types of enterprises.

Securitization

The process of pooling various types of contractual debt like mortgages and selling them as bonds to investors.

Home Mortgages

A loan secured by the real property that is used to purchase the property itself.

Dollar Amount

A specific value or quantity of money expressed in the currency of the United States.