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A Nation Can Produce Two Products: Steel and Wheat

Question 21

Multiple Choice

A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule: A nation can produce two products: steel and wheat. The table below is the nation's production possibilities schedule: Refer to the above table. In moving stepwise from possibility A to B to C … to F, the opportunity cost of a unit of steel in terms of wheat: A) Increases B) Decreases C) Remains constant D) Increases at first then decreases Refer to the above table. In moving stepwise from possibility A to B to C … to F, the opportunity cost of a unit of steel in terms of wheat:


A) Increases
B) Decreases
C) Remains constant
D) Increases at first then decreases

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