Refer to the Table Below

question 249

Multiple Choice

Refer to the table below.According to the production possibilities schedule for the economy which produces two products,a combination of four tanks and 650 autos is: Production Possibilities

• A) attainable,but involves an efficient use of society's resources.
• B) attainable,but would not be in the best interests of a strong national defence.
• C) not attainable because it is not listed in the schedule.
• D) not attainable because society does not have sufficient resources to produce this combination.

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Definitions:

Dishonored

Refers to the refusal or inability to pay a financial obligation when due, such as a bounced check or a default on a payment.

Notice of Dishonor

A formal notification indicating that a financial instrument, like a check or draft, has been presented for payment and refused.

Collection Bank

A financial institution involved in processing checks and payments on behalf of other banks or entities.

Collection Bank

A financial institution where checks or drafts are presented for payment.