If production involves constant opportunity cost, the production possibilities frontier
A. is “bowed inward.”
B. is a straight line.
C. is “bowed outward.”
D. is a wavy line.
E. has an unpredictable shape.
Answer: B
Economics
You might also like to view...
Describe, in general terms, how an economist calibrates a macroeconomic model. What statistics can be usefully examined to see how well the model corresponds to the data?
What will be an ideal response?
Economics
Which of the following is not a determinant of option premiums?
A) The volatility of the underlying stock B) The price of the underlying stock C) The time to expiration of the option D) All of the above are determinants of option premiums.
Economics