Multiple Choice
A production possibilities frontier will be a straight line if
A) increasing the production of one good by x units entails no opportunity cost in terms of the other good.
B) increasing the production of one good by x units entails a constant opportunity cost in terms of the other good.
C) the economy is producing efficiently.
D) the economy is engaged in trade with at least one other economy.
Correct Answer:
Verified
Correct Answer:
Verified
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