A straight-line possibilities frontier indicates that _____
A) the slope of the line is equal to −1.
B) resources are not being used efficiently.
C) resources are unemployed.
D) society is not using the latest technology.
E) resources are equally adaptable to the production of either product.
Correct Answer:
Verified
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Q129: Exhibit 2.2 Q130: The law of increasing opportunity cost explains Q132: A production possibilities frontier will be bowed Q133: Which of the following would not shift Q134: Exhibit 2.2
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