Multiple Choice
Suppose there are only two goods produced in our economy-snowplows and helicopters. If there is always a two- for- one tradeoff between the production of these two goods (in terms of opportunity cost) , then the production possibilities boundary between snowplows and helicopters is
A) circular.
B) a downward- sloping straight line.
C) a downward- sloping curve convex to the origin.
D) a downward- sloping straight line with slope equal to - 1.
E) a downward- sloping curve concave to the origin.
Correct Answer:
Verified
Correct Answer:
Verified
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