If a Country's Production Possibilities Boundary Is Drawn as a Straight

question 92

Multiple Choice

If a country's production possibilities boundary is drawn as a straight (downward- sloping) line it indicates

• A)the use of the scarce resources in an economy.
• B)increasing opportunity cost of producing more of either good.
• C)decreasing opportunity cost of producing more of either good.
• D)an unfair distribution of resources in an economy.
• E)constant opportunity cost of producing more of either good.

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Definitions:

Data Type

Data type refers to the classification of data based on characteristics, such as integer, float, or char, defining the operations that can be performed on them.

Parentheses

Symbols used in programming and mathematics to group expressions and alter the order of evaluation.

Return Statement

A statement in programming that exits a function and optionally returns a value to the calling function.

Declared Data Type

The specification of the kind of data (such as int, float, char) that a variable or object can hold in programming.