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    Macroeconomics Study Set 20
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    Exam 2: Production Possibilities Frontier Framework
  5. Question
    A PPF Is More Likely to Be a Downward-Sloping Curve
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A PPF Is More Likely to Be a Downward-Sloping Curve

Question 2

Question 2

Multiple Choice

A PPF is more likely to be a downward-sloping curve that is bowed outward than a downward-sloping straight line because most resources are


A) better suited for the production of some goods than others.
B) used efficiently.
C) relatively cheap at low levels of output.
D) used to produce consumption goods.

Correct Answer:

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