Solved

Table 2.1.1 The Following Table Gives Points on the Production Possibilities Frontier

Question 130

Multiple Choice

Table 2.1.1
The following table gives points on the production possibilities frontier for goods X and Y.
Table 2.1.1 The following table gives points on the production possibilities frontier for goods X and Y.   -The diagram of the production possibilities frontier corresponding to the data in Table 2.1.1 would be A) negatively sloped and linear. B) negatively sloped and bowed inward. C) negatively sloped and bowed outward. D) positively sloped for X and negatively sloped for Y. E) a horizontal line.
-The diagram of the production possibilities frontier corresponding to the data in Table 2.1.1 would be


A) negatively sloped and linear.
B) negatively sloped and bowed inward.
C) negatively sloped and bowed outward.
D) positively sloped for X and negatively sloped for Y.
E) a horizontal line.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions