-Refer to Exhibit 2-7

question 57

Multiple Choice

-Refer to Exhibit 2-7.Which of the following statements is true?

• A) Points B and D are more efficient than points A and C.
• B) If the economy's PPF is represented by PPF₁,points A and B are productive efficient,while C and D are unattainable.
• C) If the economy's PPF is represented by PPF₂,points C and D are productive efficient,while A and B are unattainable.
• D) both a and c

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Definitions:

Acceptable Error

The degree of deviation from a standard or accurate value that is considered tolerable or permissible in computations or measurements.

Sample Proportion

The fraction of a sample that exhibits a particular attribute or characteristic.

Predetermined Time Standards

Benchmarks or norms established in advance for the completion of tasks based on analyses of work measurements.

Unions

Organizations formed by workers from related fields that work together to protect and advance their rights and interests.