If an economy experiences constant opportunity costs with respect to two goods,then the production possibilities curve between the two goods will be?
A)Bowed outward or concave from below.
B)A straight,downward-sloping line.
C)Bowed inward or convex from below.
D)Bowed outward until the two goods are equal,and then bowed inward.

Question

Quizplus · Accepted Answer

A production possibilities curve (PPC) that is a straight, downward-sloping line indicates constant opportunity costs between two goods. This means that the rate at which one good can be substituted for another in production is constant.

If an Economy Experiences Constant Opportunity Costs with Respect to Two