The slope of the typical production possibilities curve
A) is positive.
B) increases as one moves southeast along the curve.
C) is constant as one moves down the curve.
D) decreases as one moves southeast along the curve.
Correct Answer:
Verified
Q106: The concept of opportunity cost
A) is irrelevant
Q107: Which of the following is not correct?
Q108: Answer the question on the basis of
Q109: The law of increasing opportunity costs states
Q110: The negative slope of the production possibilities
Q112: The law of increasing opportunity costs is
Q113: Answer the question on the basis of
Q114: Answer the question on the basis of
Q115: The fact that the slope of the
Q116: The production possibilities curve tells us
A) the
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