The Diagram Below Shows Two Production Possibilities Boundaries for Country

question 60

Multiple Choice

The diagram below shows two production possibilities boundaries for Country X. FIGURE 1-4
-Refer to Figure 1-4.Suppose that Country X is currently producing at point E.Country X could achieve production at point D if

• A)the given resources were fully employed.
• B)the given resources were more efficiently employed.
• C)sufficient improvements in technology occurred in either the capital goods industry or the consumer goods industries.
• D)firms reduced output of capital goods.
• E)the prices of capital goods and consumption goods fell.

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Definitions:

Company's Assets

Resources owned by a company that have economic value and can be used to meet its financial obligations or invest in future growth.

End of Budget Period

The conclusion of a specified time frame for which a budget was prepared, marking an opportunity to review budgetary performance against actual financial activity.

Sales Budget

A forecast of a company's sales revenue for a specific period of time.

Prepared First

A term that is not specifically defined in business or finance, potentially referring to procedures or documents that must be prioritized or completed initially in a process.