The slope of the production possibilities frontier is
A) positive.
B) negative.
C) zero.
D) undefined.
B
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Which of the following assets is almost riskless?
A) Common stocks B) Long-term corporate bonds C) U.S. Treasury bills D) Long-term government bonds E) Apartment buildings
In an iron and steel plant with 4 blast furnaces, 40 laborers produce 160 tons of pig iron every day. The labor productivity in the firm is equal to _____
a. 0.25 ton per worker b. 4 tons per worker c. 10 tons per worker d. 0.1 ton per worker e. 40 tons per worker
Real GDP per capita and other alternative measures of the quality of life are:
a. independent. b. directly correlated. c. poorly correlated. d. inversely related.
All of the following statements about the Nonpoint Source Management Program are correct EXCEPT
a. It was enacted as part of the Water Quality Act of 1987. b. It is to be implemented by states with federal approval. c. The federal government offers no funding for the program. d. States are to implement a 3-part plan comprising reporting, program development, and program implementation.