Monday 4 June 2012

A production po.ssibilities frontier will be a straight line if __

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

No comments:

Post a Comment

Note: only a member of this blog may post a comment.