If a Production Possibilities Boundary Is a Curve Concave to the Origin

question 25

Multiple Choice

If a production possibilities boundary is a curve concave to the origin and not a straight line,then:

• A) resources are equally suited to producing alternative products.
• B) resources are not equally suited to producing alternative products.
• C) resources are perfectly interchangeable to alternative uses.
• D) there are unemployed resources.

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Definitions:

Direct Plus

A federal loan program that allows parents of dependent undergraduate students (Direct PLUS Loans) and graduate/professional students (Grad PLUS Loans) to help pay for education expenses.

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NYSE Hybrid Market

A market model by the New York Stock Exchange that incorporates both electronic trading and traditional floor trading to execute orders.

Dealer Market

A financial market mechanism wherein buy and sell transactions are made through a dealer, or market maker, rather than through a centralized exchange.