Multiple Choice
A production possibilities frontier is negatively sloped because
A) more goods are purchased as price falls.
B) of opportunity cost.
C) some resources are unused.
D) there is not enough capital in the economy.
E) of increasing consumption.
Correct Answer:

Verified
Correct Answer:
Verified
Q114: Table 2.1.1<br>The following table gives points on
Q115: Complete the following sentence. As you consume
Q116: A medical clinic has 10 workers. Each
Q117: A point inside a production possibilities frontier<br>A)indicates
Q118: The concept of opportunity cost<br>A)cannot be explained
Q120: Consider Toyota's PPF, which measures cars on
Q121: Microsoft's marginal cost of the 100th copy
Q122: Property rights<br>A)discourage economic growth by discouraging the
Q123: Table 2.1.1<br>The following table gives points on
Q124: To gain from comparative advantage, countries must