Multiple Choice
Why is a production possibilities curve negatively sloped?
A) Resources are wasted as you move along the curve.
B) The price of a good falls as you move down along the curve.
C) Once on the frontier, it is possible to increase production of one good only by reducing production of the other.
D) It is not possible to adjust production decisions once an economy operates on the curve.
Correct Answer:
Verified
Correct Answer:
Verified
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