Multiple Choice
A straight- line production possibilities boundary differs from a concave boundary in which of the following ways?
A) The concave boundary illustrates constant opportunity costs, whereas the straight- line boundary illustrates decreasing opportunity costs.
B) The straight- line boundary illustrates constant opportunity costs, whereas the concave boundary illustrates increasing opportunity costs.
C) A straight- line boundary is associated with a command economy, whereas a concave boundary is associated with a free- market economy.
D) The straight- line boundary does not show scarcity, whereas the concave boundary does.
E) The straight- line boundary shows opportunity cost, whereas the concave boundary does not.
Correct Answer:
Verified
Correct Answer:
Verified
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