Which of the Following Is NOT an Assumption Under Which

question 115

Multiple Choice

Which of the following is NOT an assumption under which the production possibilities curve is drawn?

• A) The economy's resources are fully employed.
• B) The price level is stable.
• C) Technology is being held constant.
• D) The supplies of factors of production are fixeD.
• E) The trade-off of one good for another is always constant.

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Definitions:

Security Instrument

A legal document that creates a lien on a property, securing the repayment of a loan or performance of an obligation.

Re-filed

The act of submitting or filing a document or case again after it has been dismissed or needs correction.

Article 9

A section of the Uniform Commercial Code governing secured transactions, where a creditor has a security interest in the personal property of a debtor as collateral for a debt.

UCC

Stands for Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.