If the tradeoff between the two goods is constant, the production possibilities curve is
A) a negatively-sloped straight line.
B) a positively-sloped straight line.
C) a negatively-sloped curve which is bowed inward.
D) a negatively-sloped curve which is bowed outward.
A
Economics
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The figure above shows the market for annual influenza immunizations the United States. If the government does not intervene in this market, deadweight loss equals ________
A) $350 million B) $250 million C) $500 million D) $600 million E) $37.5 million
Economics
Think about cost structures associated with each of the following and decide which is most likely to be a natural monopoly
a. jewelry manufacturer b. tax-preparation firm c. movie theater d. city bus company e. dry cleaner
Economics