The figure above shows a

According to this Application, economist Daron Acemoglu categorizes which of the following as authoritarian institutions?

A) democracies, monarchies, and dictatorships B) monarchies, dictatorships, and tightly controlled oligarchies C) constitutionally limited monarchies and democracies D) tightly controlled oligarchies, democracies, and constitutionally limited monarchies

If an economy has to sacrifice only one unit of good X for each unit of good Y produced throughout the relevant range, then its production possibilities curve has a(n):

A) zero slope. B) constant, negative slope. C) increasing, negative slope. D) decreasing, negative slope.