A straight-line production possibilities curve takes this shape because

A) the opportunity cost of producing a good is constant.
B) the opportunity cost of producing more of a good is decreasing.
C) resources are better suited for producing one output than another.
D) resources are fixed.

Answer: A

Economics

You might also like to view...

If the nominal expected return on foreign assets is higher than on dollar assets ________

A) foreigners will want to hold additional dollar assets B) Americans will want to hold additional dollar assets C) foreigners will want to hold fewer foreign assets D) foreigners will want to hold additional foreign assets

Economics

China's recent economic performance is most similar to the experience of ________

A) the United States in the 1890s B) Japan in the 1960s & 1970s C) Cuba in the 1990s D) the Soviet Union in the 1950s & 1960s

Economics