If the Production Possibilities Curve Is Drawn as a Straight

question 128

Multiple Choice

If the production possibilities curve is drawn as a straight line it means that:

• A) the tradeoff between the two goods is constant.
• B) the tradeoff between the two goods is decreasing.
• C) no tradeoff is possible between the two goods.
• D) the tradeoff between the two goods is increasing.

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Definitions:

Slave Power

A term used to describe the perceived political and economic control that slaveholders had in the United States government before the Civil War.

Kansas-Nebraska Act

An 1854 legislation that created the territories of Kansas and Nebraska, leaving the decision about slavery to be determined by popular sovereignty, leading to violent conflict in the region.

Whig Party

A political party active in the middle of the 19th century in the United States, which advocated for the supremacy of Congress over the Presidency and favored modernization and economic protectionism.

American Party

A nickname for the Know-Nothing movement, a prominent United States political group in the 1850s which was anti-immigrant and anti-Catholic.