Production possibility curves are upward-sloping because increased production of one good implies reduced production of other goods.

Name: Production possibility curves are upward-sloping because increased production of one good implies reduced production of other goods.
Brand: Quizplus
Rating: 4.9 (31 reviews)

Question

Quizplus · Accepted Answer

Production possibility curves are typically downward-sloping, reflecting the trade-off between the production of different goods due to limited resources.

Production Possibility Curves Are Upward-Sloping Because Increased Production of One