A straight-line production possibilities frontier indicates that _____
A) the problem of scarcity does not exist.
B) resources are imperfect substitutes.
C) opportunity costs are constant.
D) technology is rapidly expanding.
E) some resources are not being used efficiently.
Correct Answer:
Verified
Q120: Table 2.3 Q121: Any movement along a bowed-out production possibilities Q122: Exhibit 2.4 Q123: Along a bowed-out production possibilities frontier, as Q124: Exhibit 2.3 Q126: A downward-sloping straight-line production possibilities frontier indicates Q127: On a bowed-out production possibilities frontier that Q128: If an economy is operating at a Q129: Exhibit 2.2 Q130: The law of increasing opportunity cost explains Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
