If there is always a three-for-one tradeoff between goods X and Y, then the PPF between X and Y is
A) a downward-sloping curve that is bowed outward.
B) a downward-sloping curve that is bowed inward.
C) a downward-sloping straight line.
D) an upward-sloping straight line.
C
Economics
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A firm earns a profit of exactly zero at its optimal output level only if
a. P = MR. b. P = MC. c. P = AC. d. P = SR AVC.
Economics
The largest income component in the national income accounts is
A. wages. B. rents. C. corporate profits. D. interest.
Economics
Saving is negative below a disposable income of _____________.
Economics
The more sensitive planned investment is to the interest rate, the less the effectiveness of monetary policy.
a. true b. false
Economics