Given Below Is the Production Possibilities Schedule for Capital Goods

question 22

Multiple Choice

Given below is the production possibilities schedule for capital goods and consumer goods.Table 2.2

-Consider Table 2.2. The production possibilities curve [PPC] representing this schedule would be:

• A)bowed in.
• B)bowed out.
• C)a negatively sloped straight line.
• D)a positively sloped straight line.
• E)bowed in if consumer goods are plotted on the horizontal axis and bowed out if capital goods are plotted on the horizontal axis.

---

Definitions:

Action Plan

A detailed outline of steps and measures needed to achieve a specific goal or objective.

Self-Assessment

The practice of evaluating one's own strengths, weaknesses, and performance, often in a professional context.

Goal Setting

The process of identifying specific, measurable, achievable, relevant, and time-bound objectives to be accomplished.

Action Plan

A detailed plan outlining steps necessary to achieve a specific goal or objective.