The negative slope of the production frontier implies that a nation or region must give up some of commodity X to get more of commodity Y

Name: The negative slope of the production frontier implies that a nation or region must give up some of commodity X to get more of commodity Y
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Question

Quizplus · Accepted Answer

The negative slope of the production frontier represents an opportunity cost, which means a nation or region has to sacrifice some amount of commodity X to produce more of commodity Y. Thus, the statement is true.

The Negative Slope of the Production Frontier Implies That a Nation