-Refer to Exhibit 2-3

question 67

Multiple Choice

-Refer to Exhibit 2-3.If PPF₁ is the relevant production possibilities frontier,society may move to PPF₂ as a result of

• A) an increase in resources.
• B) a decrease in resources.
• C) an increase in technology.
• D) both a and c
• E) both b and c

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Definitions:

Note Payable

A written promissory note where the borrower agrees to pay back a specified sum of money to the lender on a certain date or on demand.