The Production Possibilities Frontier Can Be Used to Show All

question 211

Multiple Choice

The production possibilities frontier can be used to show all of the following except one.Which is the exception?

• A)scarcity
• B)opportunity cost
• C)the law of increasing opportunity cost
• D)efficiency
• E)the best combination of goods and services for an economy

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Definitions:

Operating Agreement

A document detailing the management and operational protocols for a limited liability company (LLC) between its members.

Articles of Organization

Legal documents filed with a state government to legally document the creation of a limited liability company (LLC).

Register

To record or enroll formal or official information in an official list or database for the purpose of identification, control, or evidence.

Business Operation

The day-to-day activities involved in running a business, including production, marketing, and managing finances.