What Assumption Is Made by the Production Possibility Frontier Model

question 25

Multiple Choice

What assumption is made by the production possibility frontier model?

• A)Labour, capital, land and natural resources are unlimited in quantity.
• B)The economy produces only two products.
• C)Any level of the two products that the economy produces is currently possible.
• D)The level of technology is variable.

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Definitions:

HIV

A virus known as Human Immunodeficiency Virus targets the immune system and may result in AIDS without proper treatment.

Cause-and-Effect Relationship

A connection between two events where one event (the cause) makes the other event happen (the effect), often used to explain why or how something occurs.

Late Effect

A delayed consequence or outcome that follows a previous injury, illness, or disease, impacting the individual's health status.

Varicella

A highly contagious viral infection, also known as chickenpox, characterized by itchy, blister-like rashes.