The downward slope of the production possibilities curve illustrates the:
A)Scarcity Principle.
B)Cost-Benefit Principle.
C)Incentive Principle.
D)Principle of Comparative Advantage.

Name: The downward slope of the production possibilities curve illustrates the: A)Scarcity Principle. B)Cost-Benefit Principle. C)Incentive Principle. D)Principle of Comparative Advantage.
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Question

Quizplus · Accepted Answer

The downward slope of the production possibilities curve shows that having more of one good means having less of the other.

The Downward Slope of the Production Possibilities Curve Illustrates The