If a Production Possibilities Frontier Is a Straight Line,then Production

question 12

Multiple Choice

If a production possibilities frontier is a straight line,then production occurs under conditions of

• A)decreasing opportunity costs.
• B)constant opportunity costs.
• C)uncertain opportunity costs.
• D)increasing opportunity costs.
• E)infinite opportunity costs.

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Definitions:

National Mean

The average score or value derived from a specific set of data collected across a nation.

Standard Deviation

The statistical metric that calculates the dispersion or spread of data points in a dataset around the average value.

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