Multiple Choice
-Refer to Exhibit 2-1.The PPF illustrates
A) constant opportunity costs between guns and butter.
B) that guns are more important than butter.
C) increasing opportunity costs between guns and butter.
D) the opportunity cost of one unit of guns is four units of butter.
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q47: If the PPF for two goods is
Q48: Which of the following statements is true?<br>A)
Q49: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q50: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q51: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q53: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q54: Using your own words,describe the law of
Q55: A PPF is a straight line as
Q56: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q57: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit