Use the Following to Answer Question(s)

question 23

Multiple Choice

Use the following to answer question(s) :
Exhibit: Strawberries and Submarines

-(Exhibit: Strawberries and Submarines) The downward slope of the production possibilities curve implies that resources:

• A) must be used efficiently.
• B) are scarce.
• C) should not be wasted.
• D) should be allocated so that approximately equal amounts of both goods are produced.

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Definitions:

Consciously Ratifies

The act of officially approving or confirming a decision or agreement with full awareness.

Ratified

Formally approved or confirmed, often in the context of contracts or agreements to signify official validation.

Information

Data or knowledge communicated or received concerning a particular fact or circumstance.

Principal

In legal and financial contexts, the original sum of money loaned or invested, before interest; in agency, the person or entity who authorizes an agent to act on their behalf.