Solved

Refer to the Figure Shown, Which Represents the Production Possibilities

Question 114

Multiple Choice

  Refer to the figure shown, which represents the production possibilities frontiers for Countries A and B. The slope of Country A's production possibilities frontier: A)  measures the opportunity cost of trucks in terms of cars. B)  measures the trade-off that Country A faces when deciding how to allocate resources. C)  is constant, because the opportunity cost remains constant. D)  All of these statements are true. Refer to the figure shown, which represents the production possibilities frontiers for Countries A and B. The slope of Country A's production possibilities frontier:


A) measures the opportunity cost of trucks in terms of cars.
B) measures the trade-off that Country A faces when deciding how to allocate resources.
C) is constant, because the opportunity cost remains constant.
D) All of these statements are true.

Correct Answer:

verifed

Verified

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

Related Questions