Assume the MPLc = 2 cars and the MPLb = 5 boats. There are 150 workers in this hypothetical economy. If cars are measured on the vertical axis and boats are measured on the horizontal axis, the slope of the PPF for this economy is:
A) -5.
B) -5/2.
C) -2/5.
D) -1/5.
Correct Answer:
Verified
Q45: (Figure: Indifference Curves) What is the opportunity
Q46: (Figure: Home Production and Consumption) The figure
Q47: A country's indifference curve describes combinations of
Q48: (Figure: Home Production and Consumption) The figure
Q49: Where will a nation that gains from
Q51: When a nation is in autarky (a
Q52: (Figure: Home Equilibrium with No Trade) Under
Q53: Moving to a lower indifference curve means
Q54: (Figure: Home Equilibrium with No Trade) Suppose
Q55: In the absence of trade, a nation
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