The production possibilities frontier's negative slope illustrates the notion of trade-offs-producing more units of one good reduces the amount of another good's production.

Question

Quizplus · Accepted Answer

The negative slope of the production possibilities frontier represents the trade-off between producing more of one good and producing less of another good. Therefore, the statement is true.

The Production Possibilities Frontier's Negative Slope Illustrates the Notion of Trade-Offs-Producing