menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Theory and Applications Study Set 2
  4. Exam
    Exam 1: An Introduction to Microeconomics
  5. Question
    The Downward Slope of the Production Possibility Frontier Indicates That
Solved

The Downward Slope of the Production Possibility Frontier Indicates That

Question 47

Question 47

Multiple Choice

The downward slope of the production possibility frontier indicates that:


A) resources are scarce.
B) individual decisions are based on self-interested behavior.
C) individual decisions are rational.
D) resources increase over time.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q42: "Goal-oriented behavior" can best be described as:<br>A)market

Q43: The test of a theory is whether:<br>A)its

Q44: When analyzing events across time,economists measure consumer

Q45: Opportunity cost is the equivalent of:<br>A)explicit cost.<br>B)implicit

Q46: After spending $5 million developing a new

Q48: Differences in the _ of resources in

Q49: Compare the behavior of a person who

Q50: The assumption of rationality implies that market

Q51: Relative to a linear production possibilities curve,one

Q52: Suppose the consumer price index was 100

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines