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Figure 2.1. Production Possibilities Frontier

Question 17

Multiple Choice

Figure 2.1. Production Possibilities Frontier Figure 2.1. Production Possibilities Frontier -Refer to Figure 2.1.If the relative cost of steel were to rise, then the production possibilities frontier would A) become steeper. B) become flatter. C) shift inward in a parallel manner. D) shift outward in a parallel manner.
-Refer to Figure 2.1.If the relative cost of steel were to rise, then the production possibilities frontier would


A) become steeper.
B) become flatter.
C) shift inward in a parallel manner.
D) shift outward in a parallel manner.

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