On a production possibilities curve, the opportunity cost of good X, in terms of good Y, is represented by the:
a. distance to the curve from the vertical axis.
b. distance to the curve from the horizontal axis.
c. movement along the curve.
d. all of these.
c
Economics
You might also like to view...
An investor can write any size contract in both forward and futures markets as long as the other party involved is in agreement
Indicate whether the statement is true or false
Economics
Voluntarism as an approach to environmental problems
a. has no place at all in solving the problems. b. is quite successful in reducing pollution. c. is more effective than first meets the eye. d. often has proved weak and unreliable.
Economics