Multiple Choice
What does a linear (straight line) production possibilities curve illustrate?
A) a trade-off in which the opportunity cost of a good increases with the level of its production
B) a trade-off in which the opportunity cost of a good is constant at all levels of production
C) a trade-off in which the opportunity cost is zero with all levels of production
D) a trade-off in which the opportunity cost of a good decreases with the level of its production
Correct Answer:
Verified
Correct Answer:
Verified
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