Multiple Choice
If there is increasing opportunity cost,then when moving downward on a production possibilities frontier,the opportunity cost of the good on the horizontal axis ________ as more of the good is produced.
A) increases and the PPF gets steeper
B) increases and the PPF gets flatter
C) decreases and the PPF gets steeper
D) decreases and the PPF gets flatter
E) does not change and the PPF gets steeper
Correct Answer:

Verified
Correct Answer:
Verified
Q271: Which of the following best describes comparative
Q272: If a country has<br>A) an absolute advantage
Q273: A bowed out production possibility frontier shows
Q274: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The figure above
Q275: How can a nation that is at
Q277: If Country A can produce an extra
Q278: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The table above
Q279: In the production possibilities frontier model,an unattainable
Q280: Production efficiency is represented by _ a
Q281: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The figure above