A production possibilities frontier will be a straight line if __________.
A. the economy is producing efficiently B. the economy is engaged in trade with at least one other economy C. increasing the production of one good by x units entails no opportunity cost in terms of the other good
D. increasing the production of one good by x units entails a constant opportunity cost in terms of the other good
A. the economy is producing efficiently B. the economy is engaged in trade with at least one other economy C. increasing the production of one good by x units entails no opportunity cost in terms of the other good
D. increasing the production of one good by x units entails a constant opportunity cost in terms of the other good
No comments:
Post a Comment
Note: only a member of this blog may post a comment.