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The Negative Slope of the Production Possibilities Frontier Represents the Idea

Question 1

Multiple Choice

The negative slope of the production possibilities frontier represents the idea


A) of tradeoffs, that, in order to produce more of one good, the nation must produce less of another.
B) that prices rise as less is produced.
C) of unemployment.
D) of inefficient production.
E) that free lunches are possible.

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