Multiple Choice
A production possibilities curve has a downward slope because
A) increased production of one good always reduces the additional profit of production.
B) decreased production of one good is associated with lower profit from that good.
C) economists have a negative view of life and human nature.
D) increased production of one good always reduces production of the other.
E) increased production of one good necessarily causes production of other goods to increase.
Correct Answer:
Verified
Correct Answer:
Verified
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