Multiple Choice
If a linear, two-good production possibilities curve has a slope of ‒2, then:
A) having an additional unit of the good measured on the vertical axis means giving up 2 units of the good measured on the horizontal axis.
B) having an additional unit of the good measured on the vertical axis means giving up ½ of an unit of the good measured on the horizontal axis.
C) you have an absolute advantage in the good measured on the vertical axis.
D) you have a comparative advantage in the good measured on the vertical axis.
Correct Answer:

Verified
Correct Answer:
Verified
Q58: The United States was unable to maintain
Q75: On a graph of a production possibilities
Q85: If a nation can produce a more
Q95: Consider a graph of a production possibilities
Q105: Suppose it takes Dan 5 minutes to
Q111: You are the Minister of Trade for
Q112: A graph that illustrates the maximum amount
Q115: Refer to the table below. Based
Q117: Smith and Jones comprise a two-person
Q130: If a given production combination is known