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The Slope of a Production Possibility Curve Represents ________

Question 177

Multiple Choice

The slope of a production possibility curve represents ________.


A) the total cost of producing a given level of output
B) the opportunity cost of producing one more unit of a good in terms of the forgone production of the other good
C) the rate at which people in an economy would like to trade one good for another
D) combinations of two goods that are not attainable with existing technology

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