Multiple Choice
If the production possibilities frontier between bottled water and water in a jug is a straight line,which of the following statements would be correct?
A) A large amount of unemployment must exist.
B) Resources are equally productive at producing either product.
C) There is no tradeoff between the two goods.
D) There is no decrease in the production of one good when the production of the other is increased.
E) Producing more of one good gives the economy a free lunch.
Correct Answer:

Verified
Correct Answer:
Verified
Q53: What is the relationship between the bowed
Q158: A country produces only apples and bananas.Moving
Q159: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -In the above
Q161: What is the opportunity cost of economic
Q162: If there is unemployment in an economy,then
Q164: Moving along a country's PPF,a reason opportunity
Q165: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The figure above
Q166: Moving from a point inside the production
Q167: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -Huey and Steve
Q168: The negative slope of the production possibilities