Solved

Assume the MPLc = 2 Cars and the MPLb =

Question 15

Multiple Choice

Assume the MPLc = 2 cars and the MPLb = 5 boats. There are 150 workers in this hypothetical economy. If cars are measured on the vertical axis and boats are measured on the horizontal axis, the slope of the PPF for this economy is:


A) -5.
B) -5/2.
C) -2/5.
D) -1/5.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q10: Suppose that the following table gives export

Q11: (Table: United States and China Production per

Q12: (Figure: Upperia's Production and Consumption) The graph

Q13: International trade allows countries to:<br>A) produce outside

Q14: Poland requires 4 hours of labor to

Q16: (Figure: International Trade Equilibrium) Before trade, how

Q17: With trade, a country will maximize its

Q18: Suppose a nation increases the quantity of

Q19: If the opportunity cost is constant (the

Q20: (Figure: Indifference Curves) Of the following points