When a production possibilities frontier is bowed outward, the opportunity cost of one good in terms of the other is constant
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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The basic transfer is defined as
(a) net capital inflow. (b) interest payments on foreign debt. (c) net capital inflow divided by interest payments on foreign debt. (d) net capital inflow minus interest payments on foreign debt.
Economics
If all resources were perfectly adaptable for alternative uses, the production possibilities curve would
A) be bowed out. B) be bowed in. C) be a straight line. D) not exist.
Economics