Suppose Oklahoma decides to produce only two goods, oil and football helmets. If Oklahoma is producing on its production possibility frontier, as oil production increases, the production of football helmets will:

Question

Quizplus · Accepted Answer

As Oklahoma produces more oil, it will have to sacrifice some production of football helmets, moving it away from its production possibility frontier. This is because the resources used to produce the football helmets will have to be redirected towards oil production, leading to a decrease in the production of football helmets.

Suppose Oklahoma Decides to Produce Only Two Goods, Oil and Football