Answer:
c. can improve its allocation by producing more of one good and less of the other.
Explanation:
Production possibility curve shows all the combinations not two products that can be produced by an economy with a given level of resources. When more of one good is produced, less of the other is produced.
When the marginal benefit of the goods are not equal to the marginal cost, the economy can find a balance where the benefits of producing bother goods exceeds their cost.
This can be done by producing more of one good and less of the other.
Answer:
<u>Personality</u>
Explanation:
The term "personality" conveys how a person or an individual's unique traits guide his/her reactions and actions in particular situation.
Each person is unique in the sense, no two individuals share exactly same thoughts or react in exactly same manner. Individuality refers to the uniqueness of ideas, thoughts and reactions which distinguish a person from another.
Personality of an individual gradually assumes shape over a period of time, being an outcome of the kind of people one associates with, tastes and preferences, addition of ideas, etc.
I’d say it’s wisdom s it’s something you’ve learnt through experience
Expected rate of return is defined as the amount of money an individual gets on investment.
<h3>What is expected return?</h3>
The expected return is the amount of profit or addition on money invested that an individual who is an investor is expected to get after a periods of time on the investment.
Therefore, expected rate of return is defined as the amount of money an individual gets on investment.
Learn more on rate of return below
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