The existence of the tradeoff along the PPF means that the PPF is
A) bowed outward.
B) linear.
C) negatively sloped.
D) positively sloped.

Name: The existence of the tradeoff along the PPF means that the PPF is A) bowed outward. B) linear. C) negatively sloped. D) positively sloped.
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Question

Quizplus · Accepted Answer

The existence of a tradeoff along the Production Possibility Frontier (PPF) indicates that as the production of one good increases, the production of another good decreases, hence the PPF is negatively sloped.

The Existence of the Tradeoff Along the PPF Means That