A tradeoff is illustrated by
A) a point outside the PPF.
B) a change in the slope of the PPF.
C) a point inside the PPF.
D) the negative slope of the PPF.

Name: A tradeoff is illustrated by A) a point outside the PPF. B) a change in the slope of the PPF. C) a point inside the PPF. D) the negative slope of the PPF.
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Question

Quizplus · Accepted Answer

A tradeoff is illustrated by the negative slope of the PPF because it shows that to produce more of one good, some of another good must be given up.

A Tradeoff Is Illustrated by