Multiple Choice
Consider the following combinations of guns and butter that can be produced: 0 guns,20,000 units of butter; 5,000 guns,15,000 units of butter; 10,000 guns,10,000 units of butter; 15,000 guns,5,000 units of butter; 20,000 guns,0 units of butter.The PPF between guns and butter is
A) a downward-sloping bowed-out curve.
B) a downward-sloping straight line.
C) an upward-sloping straight line.
D) It is impossible to answer this question without knowing which good would be plotted on the vertical axis.
Correct Answer:

Verified
Correct Answer:
Verified
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