Solved

Suppose a Production Possibilities Curve Is a Downward-Sloping Straight Line

Question 88

Multiple Choice

Suppose a production possibilities curve is a downward-sloping straight line.What does this indicate?

A) that society cannot decide which good it prefers
B) an absence of scarcity
C) constant opportunity cost
D) inefficiency

Related Questions

Q83: What does the "invisible hand" described by

Q84: Exhibit 2-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4905/.jpg" alt="Exhibit 2-4

Q85: Why is the production possibilities frontier usually

Q86: Which statement best describes the economic principles

Q87: For each room she paints, Helen gives

Q89: Assume a bowed-out shape of a production

Q90: Exhibit 2-1<br> <span class="ql-formula" data-value="\begin{array}

Q91: Exhibit 2-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4905/.jpg" alt="Exhibit 2-6

Q92: What is the opportunity cost of an

Q93: Suppose dairy farmers use automatic milking machines