The Figure Given Below Represents the PPC in Two Nations

question 55

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

-Which of the following statements is not true about a market system?

• A)The market system provides an incentive to consumers to acquire purchasing ability.
• B)The market system magnifies the problem of scarcity of goods and services.
• C)The market system provides an incentive for allocating resources.
• D)The market system provides an incentive to improve the quality of goods produced.
• E)The market system provides everything everyone wants to consume.

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Definitions:

Auxiliary Section Housing

A casing that encloses the auxiliary section of a gearbox or transmission, providing structural support.

Seized Clutch Release Bearing

A condition where the clutch release bearing fails to function properly, often due to overheating or lack of lubrication, leading to clutch engagement issues.

Driveline Misalignment

A condition where components of the driveline, such as the transmission and differential, are not properly aligned, leading to increased wear or failure.

Transmission Output Yoke

The Transmission Output Yoke is a component that connects the transmission of a vehicle to the driveshaft, transferring power from the transmission to the wheels.