If Canada experiences constant opportunity costs, its supply schedule of steel will be
A) downward-sloping.
B) upward-sloping.
C) horizontal.
D) vertical.

Name: If Canada experiences constant opportunity costs, its supply schedule of steel will be A) downward-sloping. B) upward-sloping. C) horizontal. D) vertical.
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Question

Quizplus · Accepted Answer

Constant opportunity costs imply that the country can produce steel at a constant rate of trade-off with other goods, leading to a horizontal supply curve.

If Canada Experiences Constant Opportunity Costs, Its Supply Schedule of Steel