Which of the Following Is Not True About a Production

question 92

Multiple Choice

Which of the following is not true about a production possibilities curve? The curve:

• A) indicates the combinations of goods and services that can be produced with given
• Technology.
• B) indicates the efficient production points.
• C) indicates the non-efficient production points.
• D) indicates which production point will be chosen.

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Definitions:

Movement

A change or development in a particular direction, often referred to in contexts ranging from physical relocation to shifts in opinions or trends.

Supply Curve

represents the relationship between the price of a good and the quantity of that good suppliers are willing to produce and sell, typically upward sloping because higher prices incentivize more production.

Shift

A change in demand or supply where the entire curve moves either right (increase) or left (decrease), signifying changes in market conditions.

Supply Curve

A visual chart demonstrating the link between a product's price and the amount producers are willing to supply.