Why is a production possibilities curve negatively sloped?
A) Along the curve, production of one good must be sacrificed in order to increase production of another.
B) Unemployment increases as an economy moves down along the curve.
C) As the price falls, more goods are purchased.
D) Unemployment decreases as an economy moves down along the curve.
Correct Answer:
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Q49: FIGURE 2-3 Q50: FIGURE 2-3 Q51: FIGURE 2-3 Q52: If additional units of output could be Q53: What is assumed when an economy's production Q55: Under what circumstances will an economy's production Q56: FIGURE 2-3 Q57: Which of the following illustrates excessive unemployment Q58: FIGURE 2-3 Q59: FIGURE 2-4 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
