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Use the phase diagram to answer the following questions.
a.What phase or phases are present at A,B,and C?
b.What phase or phases are present along line E?
c.What phase or phases are present at point D,and what is this point called?
d.What is the name of point F? What phase or phases are present at higher pressures and temperatures?
e.What physical quantity is on the x-axis? On the y-axis?
Capital Goods
Goods that are used in producing other goods and services, rather than being bought by consumers. This includes machinery, buildings, and equipment.
Consumer Goods
Items produced for personal use by households.
Production Possibilities Frontier
A curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors.
Economic Growth
A rise in the output of goods and services in the economy, measured from one time period to another.
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