These Data Reflect Three Possible Combinations of Food and Clothing

question 53

Multiple Choice

These data reflect three possible combinations of food and clothing that can be produced from a given set of resources. Refer to the above data.If the PPF has its normal bowed-out shape, X will be

• A)25.
• B)more than 25.
• C)less than 25.
• D)5.
• E)cannot be determined from the data given

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Definitions:

Fund Replenishing

The process of restoring the balance of a fund to its original level or to a desired level after it has been depleted.

Fund Shortages

A situation where the available financial resources are insufficient to cover the expected or required expenses.

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.

Money Market Accounts

Savings accounts that typically offer higher interest rates, with the balance usually accessible through checks or electronic transfers.