Multiple Choice
If a country's production possibilities boundary is drawn as a straight (downward-sloping) line it indicates
A) decreasing opportunity cost of producing more of either good.
B) the use of the scarce resources in an economy.
C) constant opportunity cost of producing more of either good.
D) an unfair distribution of resources in an economy.
E) increasing opportunity cost of producing more of either good.
Correct Answer:
Verified
Correct Answer:
Verified
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