Solved

When Will a Production Possibilities Frontier Be Linear and Not

Question 33

Multiple Choice

When will a production possibilities frontier be linear and not bowed out?


A) if no tradeoffs exist
B) if the tradeoff between the two goods is always at a constant rate
C) if unemployment is zero
D) if resources are allocated efficiently

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q28: Suppose that a worker in Cornland can

Q29: What is the term for a good

Q30: When can a country's consumption possibilities frontier

Q31: Figure 3-6<br>These figures illustrate the production possibilities

Q32: Figure 3-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-1

Q34: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 3-2

Q35: What did Adam Smith believe about trade?<br>A)

Q36: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table

Q37: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to Table

Q38: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to the