Use the Following to Answer Questions

question 11

Multiple Choice

Use the following to answer questions :
Figure 1-4
-In Figure 1-4, what does point H represent?

• A)A mixture of goods both nations can produce.
• B)A mixture of goods only country A can produce.
• C)A mixture of goods only country B can produce.
• D)A mixture of goods neither country can produce.
• E)None of the above.

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Definitions:

Bill

A short-term debt instrument issued by a government as a means of borrowing money with a maturity of less than a year.

Goods

Physical items that are produced, bought, or sold with the aim to satisfy the wants or needs of consumers.

Services

Actions or activities provided to satisfy the needs and wants of consumers without resulting in the ownership of a tangible product.

Seller

An individual or entity that offers goods or services for sale.