Given Below Is the Production Possibilities Schedule for Capital Goods

question 37

Multiple Choice

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

-A decrease in the quantity of available resources would be represented by:

• A)a steeper PPC.
• B)a point inside the PPC.
• C)an inward shift of the PPC.
• D)an upward movement along the PPC.
• E)a downward movement along the PPC.

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Definitions:

Adults

Individuals who have reached the age at which they are considered legally responsible for their actions, typically 18 or older.

Percent

A mathematical term describing a number or ratio expressed as a fraction of 100.

REM Sleep

A stage of sleep characterized by rapid eye movements, during which vivid dreams commonly occur, and is thought to play a role in learning and memory.

Non-REM Sleep

A phase of sleep that includes all sleep stages except for REM sleep, characterized by slower brain waves and reduced eye movement.