The Slope of the Production Possibilities Curve Must Be

question 41

Multiple Choice

The slope of the production possibilities curve must be

• A) constant.
• B) positive.
• C) decreasing.
• D) increasing.
• E) negative.

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Definitions:

Standard Deviations

Measures of dispersion that indicate how spread out the values in a data set are around the mean.

Normal Distribution

A symmetric bell-shaped distribution that is widely used in statistics to represent the real-valued random variables with unknown distributions.

Standardized Form

A form of representation that allows different data sets or equations to be compared or analyzed using a common standard.

Normal Distribution

A bell-shaped distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.