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Which of the Following Correctly Characterizes the Shape of a Constant

Question 118

Multiple Choice

Which of the following correctly characterizes the shape of a constant opportunity cost production possibilities curve?


A) A straight line indicating that the law of increasing opportunity costs applies.
B) A straight line when there is constant opportunity costs.
C) A line that curves outward when resources are perfectly adaptable in the production of different goods.
D) A line that curves inward when resources are perfectly adaptable in the production of different goods.

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