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Refer to the Above Diagrams

Question 23

Multiple Choice

  Refer to the above diagrams.The solid lines are production possibilities curves; the dashed lines are trading possibilities curves.The data contained in the production possibilities curves are based on the assumption of: A) imperfect substitutability of resources as between beer and pizza production. B) constant costs. C) decreasing costs. D) increasing costs. Refer to the above diagrams.The solid lines are production possibilities curves; the dashed lines are trading possibilities curves.The data contained in the production possibilities curves are based on the assumption of:


A) imperfect substitutability of resources as between beer and pizza production.
B) constant costs.
C) decreasing costs.
D) increasing costs.

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