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

Question

Quizplus · Accepted Answer

The negative slope of the Production Possibility Frontier (PPF) represents a tradeoff because it shows that to produce more of one good, the production of another good must be reduced, given limited resources.

A Tradeoff Is Illustrated by