Consider the given statement/s to be true and decide which of the given conclusions/assumptions can definitely be drawn from the given statement. Statements: 1. All cycles are ducks. 2. All ducks are swans. Conclusions: I. All swans are cycles. II. Some swans are cycles.
The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called the ____________ of the economy.