The opportunity cost of a good on the x-axis of a production possibilities frontier is the _____ of the production possibility frontier.
A) x-intercept
B) y-intercept
C) slope
D) inverse of the slope
Correct Answer:
Verified
Q21: (Figure: PPF0) In the figure, _ a
Q22: (Figure: PPF0) In the figure, _ should
Q23: (Figure: PPF0) In the figure, _ should
Q24: (Figure: PPF0) In the figure, with specialization
Q25: (Figure: PPF0) In the figure, with specialization
Q27: The opportunity cost of a good on
Q28: _ allows countries to consume beyond their
Q29: _ is the amount of one country's
Q30: _ advantage is the ability to produce
Q31: Absolute advantage is the ability to produce:
A)
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