Use the Following to Answer Question

question 103

Multiple Choice

Use the following to answer question:

-(Table: Production Possibilities Schedule II) Use Table: Production Possibilities Schedule II.The production of 14 units of consumer goods and 1 unit of capital goods per period would result in:

• A)full employment.
• B)no unused resources.
• C)some unused or inefficiently used resources.
• D)an increase in economic growth.

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Definitions:

Prestige Products

Items that are perceived as luxurious and of high quality, often associated with social status.

Shopping Products

Goods that consumers purchase after comparing quality, price, and style from several sellers, implying a more deliberate decision-making and selection process.

Unsought Product

A type of product that consumers typically do not think about buying or do not know exists until they see it or need it.

Coring Machine

Equipment used to remove a cylinder of material, such as soil or rock, for analysis or construction purposes.