Refer to the Diagram Below

question 3

Multiple Choice

Refer to the diagram below. The concave shape of each production possibilities curve indicates that:

• A) resources are perfectly substitutable.
• B) wants are virtually unlimited.
• C) prices are constant.
• D) resources are not equally suited for alternative uses.

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Definitions:

Reliable Foundations

Strong, dependable bases or principles upon which something, such as an argument, theory, or physical structure, is built.

PowerPoint

A presentation program developed by Microsoft, used for creating slideshows composed of text, graphics, and other objects, which can be displayed on-screen and navigated through by the presenter or printed out on transparencies or slides.

Storyboards

Visual representations of a film, animation, or story sequence, used for planning and communication purposes.

Minimum Viable Product

A product with just enough features to satisfy early customers and provide feedback for future product development.