Opportunity cost is illustrated in a production possibilities frontier (PPF) by a movement
A) from the region within the PPF to a point on the PPF.
B) from the region within the PPF to the region outside of the PPF.
C) from the region outside of the PPF to a point on the PPF.
D) along the PPF where to gain more of one good it is necessary to give some of another good.
D
Economics
You might also like to view...
An uninformed party can use ________ to learn about the information held by the informed party
A) signaling B) screening C) a warranty D) educational attainment
Economics
The balance of payments is an accounting statement known as a:
a. trial balance. b. depreciation account. c. balance sheet. d. trade account. e. reconciliation statement.
Economics