The 'Production Possibility Frontier Model' Assumes Which of the Following

question 70

Multiple Choice

The 'production possibility frontier model' assumes which of the following?

• A)Labour, capital, land and natural resources are unlimited in quantity.
• B)The economy produces only two products.
• C)Any level of the two products that the economy produces is currently possible.
• D)The level of technology is variable.

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Definitions:

Sensation

The process of detecting physical stimuli from the environment and translating them into neural signals that can be interpreted by the brain.

Wavelength

The distance between successive peaks of a wave, often used in the context of light, sound, and electromagnetic waves.

Hue

A color or shade in the spectrum, defined by its dominant wavelength.

Brightness

A visual perception that describes how light or dark a color appears; can also refer to the intensity of light.