Solved

If There Is Always a Three-For-One Trade-Off Between the Production

Question 4

Multiple Choice

If there is always a three-for-one trade-off between the production of goods X and Y,then the production possibilities boundary for X and Y is


A) a downward-sloping curve convex to the origin.
B) semicircular.
C) a downward-sloping straight line.
D) a downward-sloping straight line that is broken at one point.
E) a downward-sloping curve concave to the origin.

Correct Answer:

verifed

Verified

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

Related Questions