If There Is Always a Three-For-One Trade-Off Between the Production

question 4

Multiple Choice

If there is always a three-for-one trade-off between the production of goods X and Y,then the production possibilities boundary for X and Y is

• A)a downward-sloping curve convex to the origin.
• B)semicircular.
• C)a downward-sloping straight line.
• D)a downward-sloping straight line that is broken at one point.
• E)a downward-sloping curve concave to the origin.

---

Definitions:

Opportunity Cost

Losing the benefits of the closest substitute when a choice is made.

Tablet Computer

A portable personal computer equipped with a touchscreen as the primary input device, designed for mobility and convenience.

Economics Textbook

A publication that systematically presents economic theories, principles, and concepts to learners at various levels of education.

Opportunity Cost

Abandoning the possibility of gains from alternative options by selecting one choice.