If a production possibility curve representing a trade-off between a grade in English and a grade in math has a negative slope, we know that:

A. there is an inverse relationship between grades in English and grades in math.
B. there is a direct relationship between grades in English and grades in math.
C. one can get better grades in English only if one gets better grades in math.
D. there is no relationship between grades in English and grades in math.

Answer: A

Economics

You might also like to view...

Trade agreements help to lower barriers to trade

a. True b. False

Economics

A factor of production that cannot be easily changed in the relevant time period is called a

A) short-run factor. B) fixed input. C) variable input. D) production anchor.

Economics