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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Equation

A mathematical proposition that claims equality between two expressions, generally involving variables.