The production possibility frontier has a negative slope because _____.
A) operating at a point on the frontier is not optimal
B) resources are infinite while human wants are limited
C) it exhibits increasing opportunity costs
D) the costs of production are very high
Correct Answer:
Verified
Q4: Which of the following topics would be
Q5: Which of the following statements best describes
Q6: Which of the following pertains to macroeconomics?
A)
Q7: The production possibility frontier shows _.
A) the
Q8: _ provide(s) companies with ?nancial backing that
Q10: _ is the factor of production comprising
Q11: A point beyond the production possibility frontier:
A)
Q12: If a society is moving along its
Q13: Opportunity cost can be defined as _.
A)
Q14: Which of the following statements best describes
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