Refer to the figure shown, which represents the production possibilities frontiers for Countries A and B. The slope of Country A's production possibilities frontier:
A. measures the trade-off that Country A face when deciding how to allocate resources.
B. measures the opportunity cost of trucks in terms of cars.
C. is constant because the opportunity cost remains constant.
D. All of these statements are true.
Answer: D
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Refer to the information provided in Table 36.2 below to answer the question(s) that follow. Table 36.2 PointAggregate Income (Y)Aggregate Consumption (C) A 10 14 B 20 23 C 30 25 D 40 26 E 50 34 F 60 39The data in the table was used to estimate the following consumption function: C = 12 + 0.4YRefer to Table 36.2. The error for point D is equal to
A. -2. B. -1. C. +2. D. +4.
Which of the following will be true if employment grows faster than the population as a whole? a. Output per capita will increase faster than productivity per worker
b. The standard of living will increase. c. Output per capita and productivity per worker will grow at an equal pace. d. Output per worker and productivity per worker will remain unaffected. e. Output per capita will increase at a diminishing rate.