Multiple Choice
A straight-line production possibilities curve has
A) an increasing opportunity cost between the two goods.
B) a decreasing opportunity cost between the two goods.
C) a constant opportunity cost between the two goods.
D) no opportunity cost between the two goods.
Correct Answer:

Verified
Correct Answer:
Verified
Q348: In economics, international trade is based on
Q349: If you can make $25,000 a year
Q350: Explain how comparative advantage, specialization and division
Q351: When a society takes increasing amounts of
Q352: As an economy moves from point to
Q354: Generally, specialization leads to<br>A) constant opportunity costs.<br>B)
Q355: If a country increased the production of
Q356: Suppose an acre of land yields 100
Q357: Naturally occurring diamonds are an example of<br>A)
Q358: Scarcity implies that people must<br>A) be irrational.<br>B)