Referring to a Production Possibilities Curve and the Goods Being

question 99

Multiple Choice

Referring to a production possibilities curve and the goods being compared,depict the economic event.The literacy rate increases among workers (capital goods vs.consumer goods) .

• A)A movement from a point inside the curve to a point on or near the curve
• B)A movement from a point on or near the curve to a point inside the curve
• C)A shift in the entire curve to the right (outward)
• D)A shift in the entire curve to the left (inward)
• E)A movement along the curve

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Definitions:

Chapter 13

A bankruptcy code provision allowing individuals with a regular income to develop a plan to repay all or part of their debts under court supervision.

Future Income

Expected earnings or revenue of an individual or entity in coming periods.

Full Payment

The complete settlement of an amount due, whether it be a debt, service fee, or purchase price.

Discharge

The act of fulfilling or settling an obligation or debt.