Multiple Choice
A production possibilities curve is negatively sloped because:
A) the price of a good falls as you move down along the curve.
B) resources are wasted as you move along the curve.
C) it is not possible to adjust production decisions at all once an economy operates on the curve.
D) once on the frontier, it is only possible to increase production of one good by reducing production of the other.
Correct Answer:
Verified
Correct Answer:
Verified
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