The idea that tradeoffs have to be made when resources are scarce is reflected in the fact that:
A)points below the production possibilities curve are efficient.
B)points below the production possibilities curve are inefficient.
C)the production possibilities curve has a negative slope.
D)the slope of a linear production possibilities is constant.

Question

Quizplus · Accepted Answer

The downward slope of the production possibilities curve captures the idea that because resources are limited, having more of one good means having less of the other.

The Idea That Tradeoffs Have to Be Made When Resources