When a production possibilities frontier is linear, what does it show?
A) a truer picture of real life than a bowed out production possibilities frontier
B) that resources are perfectly shiftable from the production of one good to another
C) an example of increasing opportunity cost
D) An example of decreasing opportunity cost
Correct Answer:
Verified
Q87: Figure 2-4 Q89: Figure 2-3 Q89: On a production possibilities frontier, when is Q90: What does it mean if an economy Q91: Figure 2-3 Q94: Which of the following is the most Q95: Figure 2-4 Q96: When constructing a production possibilities frontier, which Q97: When is an economic outcome said to Q114: Figure 2-6 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
