Multiple Choice
A normal production possibilities frontier has a
A) positive slope and is steeper near the horizontal axis than near the vertical axis.
B) negative slope and is steeper near the horizontal axis than near the vertical axis.
C) positive slope and is steeper near the vertical axis than near the horizontal axis.
D) negative slope and is steeper near the vertical axis than near the horizontal axis.
E) zero slope, and it does not touch the horizontal axis.
Correct Answer:
Verified
Correct Answer:
Verified
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