The Figure Given Below Represents the PPC in Two Nations

question 62

Multiple Choice

The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4

-Money exchanges are more efficient than barter because:

• A)money exchanges do not require a double coincidence of wants.
• B)the government guarantees the value of money.
• C)money usually has an intrinsic value.
• D)money is backed by a physical commodity.
• E)opportunity costs are higher with barter trades.

---

Definitions:

Feminization of Poverty

The phenomenon by which women represent disproportionate percentages of the world's poor, often due to wage disparities, lack of access to resources, and social norms.

Aboriginal Women

Indigenous women from various regions around the world, focusing on their cultures, social roles, challenges, and contributions to their communities and broader societies.

Part-Time Work

Part-time work consists of employment situations where the worker is employed for fewer hours than considered full-time, often offering flexibility and less commitment.

Child-Rearing

The process of supporting and promoting the emotional, physical, social, and intellectual development of a child from infancy to adulthood.