Answer:
A. The economy switches to producing less of one product without increasing the production of the other product
Step-by-step explanation:
PPC is the graphical representation of product combinations that an economy can produce, given resources & technology. It is downward sloping because given resources & technology, production of a good can be increased by decreasing production of other good.
It is based on assumption that resources are efficiently utilised. Points on PPC show resources efficient utilisation, Points under PPC show under utilisation, Points outside PPC are beyond country's productive capacity.
If country produces less of a good without increasing production of other goods, implying wasted resources & production below PPC. This case doesn't satisfy productive efficiency
Other cases : Producing more of a good & less of other is just re allocative movement on the PPC itself. Production point at PPF intersection with either axis implies economy is producing only the good on that axis.
In all the cases except A. satisfy the 'productive efficiency'
Answer:
Step-by-step explanation:
The answer is definitely 2.4>3x
Answer: 29/28
Step-by-step explanation:
-2/7 x (-3 5/8)
= -2/7 x -29/8
= 2/7 x 29/8 = 1/7 x 29/4
= 29/28
Peer-to-peer is good for fast payment but is lacking in the transfer of funds security as there is mostly made b/w people with one unknown history or background, most people meeting for the first time, Compared to cash or check which is handled physically. This is further explained below.
<h3>Looking at the repayment time of peer-to-peer users how would you assume it compares to that every payment via cash or check?</h3>
Generally, P2P, which stands for peer-to-peer, is a method of payment that enables users to make purchases without needing to have access to their financial institution's account information. The transfer is completed quickly and, in most cases, at no cost. There is a generational divide in terms of adoption, but the vast majority of Americans today make use of mobile payment applications.
In conclusion, Peer-to-peer transactions are typically conducted between people who do not know each other's histories or backgrounds, and the majority of transactions involve people who are meeting for the first time. This makes peer-to-peer transactions less secure than cash or checks, which are physically handled. Peer-to-peer transactions are useful for making payments quickly.
Read more about Peer-to-peer
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