Because You Can Get More of One Good Only by Giving

question 102

Multiple Choice

Because you can get more of one good only by giving up some of another good, the shape of a production possibility curve is:

• A) upward-sloping.
• B) perfectly vertical.
• C) perfectly horizontal.
• D) downward-sloping.

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Definitions:

Punish Offender

The process or act of imposing a penalty on an individual or entity for breaking the law or rules.

Negligent Person

An individual who fails to take reasonable care, resulting in harm or injury to another person or to property.

Tort

A civil wrong that causes a claimant to suffer loss or harm, resulting in legal liability for the person who commits the tortious act.

Informed Consent

A process in which a participant is fully educated about the key facts of a matter before agreeing or participating in it.