The Figure Given Below Represents the PPC in Two Nations

question 63

Multiple Choice

The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4

-Most markets involve the use of money for transactions because:

• A)goods and services can be exchanged more easily with money than without it.
• B)goods and services cannot be exchanged without money.
• C)using money requires a double coincidence of wants.
• D)the transaction costs of using money are very high.
• E)the value of money remains same across countries over time.

---

Definitions:

Database Designs

Database designs involve the structure and organization of data within a database, encompassing schemas, tables, relationships, and constraints to efficiently store, retrieve, and manage information.

Work Area

The main space in a software program or an environment where most of the user's tasks and activities are performed.

Database Name

A label identifying a specific database that holds related sets of data such as customer information or inventory lists.

Data Type

A classification identifying one of various types of data, such as integer, floating-point, or string, that determines the possible values for that type, the operations that can be done on it, and the way it is stored.