Multiple Choice
If the production possibility frontier is a straight line:
A) opportunity costs are constant.
B) firms face increasing costs.
C) firms face decreasing costs.
D) there is no trade-off between the two goods represented.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q132: Use the following to answer question: <img
Q133: In movement along a production possibility frontier,the
Q134: In the factor market,firms buy goods and
Q135: Jim is being paid $7.25 an hour
Q136: If they spend all night writing computer
Q138: In the circular-flow diagram,an individual or a
Q139: If the opportunity cost of manufacturing machinery
Q140: All points on the production possibility frontier
Q141: Use the following to answer question: <img
Q142: Economic models that make unrealistic assumptions may