Along a production possibilities curve that is concave to the origin, the opportunity cost of production of the good on the horizontal axis ____ as we move down along the curve
a. Decreases
b. Increases
c. remains constant
d. first decreases, then increases
b
Economics
You might also like to view...
Debt service payments appear in
(a) the current account. (b) the capital account. (c) the cash account. (d) errors and omissions.
Economics
Which of the following appears on the asset side of a bank's balance sheet?
a. Loans b. None of the answers are correct. c. Required reserves d. All of the answers are correct. e. Excess reserves
Economics