If the production possibilities curve is a straight line,
A. opportunity costs rise as output of either commodity is expanded.
B. resources are not equally productive in the production of both goods.
C. opportunity costs are negative.
D. resources can be moved from the production of one good to production of others with no loss of productivity.
Answer: D
You might also like to view...
When the demand and supply of grapes both increase at the same time, we can safely predict that the: a. price of grapes will fall
b. price of grapes will rise. c. quantity of grapes exchanged will fall. d. quantity of grapes exchanged will rise.
Between the trough and the peak of a business cycle the economy...
What will be an ideal response?
A reduction in the real exchange rate will cause
A) a reduction in net exports. B) a reduction in the quantity of imports. C) a reduction in output. D) an increase in government spending. E) all of the above
When collecting data to conduct research, if the sample used includes only observations which have remained in the sample over time, making that sample unrepresentative of the broader population, ________ occurs.
A. regression discontinuity B. difference-in-differences C. intention to treat D. survivor bias