From the given diagram of PPC, point A represents wastage, inefficiency, and unemployment.
<h3>What is PPC?</h3>
PPC stands for production possibility curve where the effects of two goods are presented graphically.
In the given PPC diagram, there are quantities of two goods represented one is butter on the x-axis and the other is guns on the y-axis. Point A in the diagram represents that the goods are being underutilized in respect of the goods available for disposal.
Therefore, option B is the correct answer.
Learn more about the PPC in the related link:
brainly.com/question/16969732
#SPJ1
Answer:
Cartel
Explanation:
According to sociology, a cartel is a formal group that is formed to make price decisions on a product or service. In other words, a cartel is a organization that is created from a formal agreement between producers of a product or service with the objective of regulate their supply or manipulate the prices and therefore, limiting the competition by controlling the production, distribution and pricing of the service they do. So, a cartel is an agreement between commercial enterprises.
When we often interrupt a person who's speaking to us were likely to give the impression that our opinion is either more important than his or hers, or that we think that they don't understand the issue at hand. It's considered rude to interrupt.
Answer:
Explanation:
In what ways does scarcity affect both consumers and producers? Scarcity affects producers because they have to make a choice on how to best use their limited resources. It affects consumers because they have to make a choice on what services or goods to choose
