Multiple Choice
A production possibilities curve that is a straight line represents the case of
A) constant costs.
B) increasing costs.
C) constant opportunity costs but increasing real costs.
D) constant opportunity costs but decreasing real costs.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q5: The United States has the largest percentage
Q6: Wage inequality has been on the rise
Q7: How is offshoring of services different from
Q8: The straight-line production possibilities curve<br>A)does not show
Q9: After trade opens,the short run impact on
Q11: Since empirical tests of the HO theory
Q12: What are the factors that have been
Q13: Using the HO model,assume that the United
Q14: What does research thus far suggest about
Q15: Empirical tests of the theory of comparative