The Universal Business Directory (UBD) Is an Example of

question 26

Multiple Choice

The Universal Business Directory (UBD) is an example of

• A) a primary source of research information.
• B) a secondary source of research information.
• C) a tertiary source of research information.
• D) could be either secondary or tertiary.

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Definitions:

Production Possibilities Curves

A graph that depicts the maximum potential output of one good for a given amount of output for another, assuming full efficiency and fixed resources.

Trading Possibilities Curves

Graphical representations that show the different quantities of two goods that a country can produce and trade given the same amount of resources.

Opportunity Cost

The expense incurred from not choosing the next most favorable alternative during decision-making.

Production Possibilities Curves

A graphical representation that shows the maximum attainable combinations of two goods that can be produced with available resources.