-Refer to Exhibit 2-7

question 62

Multiple Choice

-Refer to Exhibit 2-7.For which of the following is the statement "In order to get more military goods,we have to forfeit some civilian goods" true?

• A) a movement from A to C
• B) a movement from B to D
• C) a movement from F to D
• D) a movement from B to A
• E) none of the above

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Definitions:

Inventions

Original creations or discoveries that offer new technical solutions or enhance existing ones.

Innovations

The process of translating an idea or invention into goods or services that create value or for which customers will pay.

Patented

A legal status provided to an inventor or assignee granting exclusive rights to use, make, and sell an invention for a certain period of time.

Marginal Benefit

The increase in satisfaction or utility one gets from the consumption of an additional unit of any good or service.