Solved

Which of the Following Is NOT True of a Nation's

Question 25

Multiple Choice

Which of the following is NOT true of a nation's production-possibility curve?


A) The production-possibility curve shows all combinations of amounts of different products that an economy can produce when its resources are fully employed.
B) Points inside the production-possibility curve are feasible, but may represent unemployment of some of the economy's resources.
C) Points outside the production-possibility curve are not feasible production points given the resources in the economy.
D) The negative slope of the production-possibility curve indicates declining productivity.

Correct Answer:

verifed

Verified

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

Related Questions