Why does the PPC slope downward?
A) Increasing opportunity costs
B) Scarcity
C) A rising unemployment rate
D) The PPC does not slope downward
Correct Answer:
Verified
Q61: What was passed by Congress in 1890
Q62: Which of the following is not one
Q63: Costs are minimized when all of the
Q64: Which classical economist argued that investment demand
Q65: The figure shown depicts a shift in
Q67: What is the correct term for a
Q68: What does MPC stand for?
A)Multiplier of personal
Q69: How do economists compare how rich or
Q70: Look at the following data set:Total population
Q71: Imagine that the consumer price index rises
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