Multiple Choice
A straight-line production possibilities curve takes this shape because
A) the opportunity cost of producing a good is constant.
B) the opportunity cost of producing more of a good is decreasing.
C) resources are better suited for producing one output than another.
D) resources are fixed.
Correct Answer:
Verified
Correct Answer:
Verified
Q281: Comparative advantage is always a(n) _ concept.<br>A)
Q282: Two factories make wooden chairs. If the
Q283: The basic problem in economics is<br>A) unlimited
Q284: The making and selling of a pencil
Q285: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q287: Opportunity cost<br>A) can only be measured as
Q288: According to the above table, the opportunity
Q289: Which of the following is TRUE with
Q290: Which of the following will most likely
Q291: Are all goods economic goods? Are all