The PPF between goods X and Y will be a downward-sloping
What will be an ideal response?
straight line if constant opportunity costs exist.
curve that is bowed outward if increasing opportunity costs exist.
Economics
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Referring to the table above, if consumption in period one is $20,000, then consumption in period two cannot be greater than ________
A) $52,800 B) $50,400 C) $49,600 D) $50,000
Economics
Which of the following pairs best represents substitute goods?
a. French fries and uncooked potatoes b. French fries and hot dogs c. French fries and French toast d. French fries and fried onion rings e. French fries and the French chef
Economics