-Point C on the Production Possibilities Frontier in the Above

question 49

Multiple Choice

-Point C on the production possibilities frontier in the above diagram illustrates

• A) a point that achieves production efficiency.
• B) a combination of goods and services that cannot be produced efficiently.
• C) all goods and services that are desired but cannot be produced due to scarce resources.
• D) a production point that has underutilization of resources.

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Definitions:

Extensibility

The capability of being stretched or extended.

Excitability

The ability of a cell or organism to respond to environmental stimuli by changing its bioelectric state.

Elasticity

The capacity of a material or body to return to its original shape after being stretched or compressed.

Smooth Muscles

Involuntary, non-striated muscles found in the walls of internal organs and blood vessels, controlling their movements.