Multiple Choice
The opportunity cost of a good is always constant if the production possibility frontier is:
A) a downward-sloping straight line.
B) concave to the origin.
C) convex to the origin.
D) negatively sloped.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q13: Consider the production possibility frontier of an
Q14: Do you think that the behavior of
Q15: If a production possibility frontier is drawn
Q16: In judging the value of a theory,the
Q17: Value judgments:<br>A)always produce predictable results.<br>B)are subjective opinions
Q19: The explicit cost of production equals:<br>A)opportunity cost
Q20: If the nominal price of apples has
Q21: Positive economics differs from normative economics in
Q22: Consider the following theory: the more one
Q23: Which of the following is true of