Multiple Choice
The production possibilities frontier is a downward-sloping straight line when
A) it is possible to switch between one good and the other good at a constant rate.
B) there is no tradeoff involved in switching between one good and the other good.
C) the same amount of time is required to produce a unit of one good as is required to produce a unit of the other good.
D) the person for whom the frontier is drawn wishes to consume equal amounts of the two goods.
Correct Answer:
Verified
Correct Answer:
Verified
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